Munich Re said in a statement that because of capital market turmoil--steep falls in share and bond prices--it expects its profit to be below an expected range of EUR3 billion to EUR3.4 billion ($4.71 billi

Warren, N.J.-based insurer Chubb Corp. reported net income dropped 34 percent in the first quarter primarily on storm losses resulting in a close to six-point rise in its combined ratio for the second

Gallagher reported net income of loss of $6 million for the first quarter of this year compared to net income of $20 million for the same period last year. That translated into a loss of earnings per

New York governor David A. Paterson signed Senate Bill 8610 and Assembly Bill 11541, legislation that will require insurers to demonstrate that their ability to defend a claim has been prejudiced by a delay in reporting in order to deny claims under

The Brownyard Group is offering workers' compensation coverage in California for its security guard and pest control programs. The security guard program, Brownguard, developed liability coverage for the security guard and private investigator

York Insurance Services Group Inc. has invested in Gregory B. Bragg & Associates Inc. (Bragg). The terms of the acquisition were not disclosed. Bragg becomes part of York Risk Management Services. Bragg's management team will continue

Arthur J. Gallagher & Co. has acquired Gale Smith & Co.Terms of the transaction were not disclosed.Tennessee-based Gale Smith will continue to operate in its existing location under Mitchel Brashier, southeastern regional manager of Gallagher's

The Oversight and Investigations Subcommittee of the U.S. House Committee on Energy and Commerce held a hearing titled, "Long-Term Care Insurance: Are Consumers Protected for the Long Term?" Members of the National Association of