In a recent analysis, reinsurance broker Aon Benfield put a best estimate of direct insurance losses from the alleged Ponzi scheme orchestrated by Bernard Madoff at $1.8 billion, citing a range of

The direct insured losses resulting from financier Bernard Madoff's alleged Ponzi scheme are predicted to be between $760 million and $3.8 billion, with the best estimate of $1.8 billion. The maximum potential exposed insurance limits are

Labor and employment lawyers warn of a wave of wrongful-termination suits in the coming months as the jobless burn through their savings, run up debt and find few work prospects. Labor lawyers advising firms in defensible downsizing say that

With the looming prospect of nearly $2 billion in professional liability claim payments, fallout of an alleged Ponzi scheme orchestrated by Bernard Madoff, insurers will likely embark on more careful

NEW YORK--The property-casualty industry is entering an "invisible hard market," with the bottom-line benefits of rising prices undermined by disappearing exposures in a contracting economy, the head

The late-December deal which has American International Group selling Hartford Steam Boiler to Munich Re Group is the biggest recent deal in dollar terms to hit the specialty sector, but broker deals

While many specialty insurers doing the hiring this month were beneficiaries of executive departures from American International Group, there were a host of other personnel changes contributing to a

Ever since the infamous Chicken Little freaked out about the imminent descent of the sky, alarmed people everywhere have taken a certain morbid delight in anticipating the next great catastrophe to