There is a trend that has insurance companies bracing for a new normal: higher rates of property damage as Americans move to wildfire-prone areas in greater numbers.

Dozens of guests at a Florida resort near Walt Disney World were safely evacuated in the middle of the night on Monday when a three-story building collapsed after a large sinkhole opened on the property's grounds.

Bermuda-based insurer Catlin Group's profit dropped by more than a third in the first-half as higher interest rates hurt the value of its fixed-income portfolio, taking the shine off an otherwise solid underwriting performance.

Swiss Re shrugged off the cost of floods in Europe to post better than expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable in the second half.

Swiss Re shrugged off the cost of floods in Europe to post better than expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable in the second half.

The U.S. government on Tuesday filed two civil lawsuits against Bank of America that accuse the bank of investor fraud in its sale of $850 million of residential mortgage-backed securities.

Hannover Re posted a better than expected 30 percent rise in second quarter net profit, helped by a strong performance in reinsurance on cars and homes.

The federal government is months behind in testing data security for the main pillar of Obamacare: allowing Americans to buy health insurance on state exchanges due to open by Oct. 1.