Fairfax Financial Holdings Limited has completed its acquisition of Zenith National Insurance Corp. for $38 per share in cash, the company announced.

The Insurance Council of New Jersey (ICNJ) has named Deana Lykins president.

With forecasters predicting 15 named storms forming in the Atlantic basin between June 1 and Nov. 30, the Institute for Business and Home Safety (IBHS) has listed its top four myths in preparing structures for hurricanes.

More than 140 insurance and technology professionals attended the 2010 Duck Creek Insurance Forum, which was held earlier this month near Charleston, S.C.

Auto insurer Progressive reported April net income slipped four percent as its combined ratio climbed 1.5 points.

Low-speed vehicles are not a safe alternative to traditional automobiles, and drivers should consider safer alternatives to these "souped-up golf carts," the Insurance Institute for Highway Safety (IIHS) said.

If there is a silver lining for businesses that have shed workers and seen sales drop during the recession, it may be cheaper insurance, but agents and brokers need to be made aware of changes as soon as possible.

Munich Re said it obtained $80 million in catastrophe bond coverage for U.S. hurricane and European windstorm risks.