Markel Corporation announced it will acquire Aspen Holdings, Inc., a privately-held insurance group that provides workers' compensation insurance and related services, for approximately $135 million in cash plus

Bermuda reinsurers are expected to have a difficult second quarter, with a challenging near-term outlook, as pricing remains under pressure with no sign of rate increases, and profits hit by recent losses, according to a financial analyst's report.

Insurance industry representatives will oppose an expected amendment that would add wind coverage to a bill extending the National Flood Insurance Program for five years

A three-judge panel has denied the federal government's request to reinstate a six-month deepwater drilling moratorium pending the government's appeal of a lower court decision that lifted the moratorium last month.

New York Governor David Paterson has introduced a program bill that would, except under limited circumstances, close all private group self-insured trusts in the state, tracking recommendations made by a task force earlier this month.

The Senate again failed to move a tax extenders bill containing a National Flood Insurance Program (NFIP) extension, but

Insurance associations are questioning the legality of Massachusetts auto insurance regulations proposed by the state's Attorney General's Office as the second and final day of hearings on the issue begins.

Agent associations joined the National Crop Insurance Services in criticizing the Obama administration's decision to cut the federal crop insurance program by $6 billion over the next 10 years.