Marsh & McLennan Cos., the worlds largest insurance broker by market value, agreed to buy a majority stake in Panama-based Semusa to strengthen its position Central America and the Caribbean.

More than half of these businesses close their doors within six months of being hacked. Learn what threats small businesses face when hit with a data breach.

A Thursday vote has been scheduled on the House Financial Services Committees version of legislation reauthorizing the Terrorism Risk Insurance Act as industry reps stake out their positions on the House and Senate versions.

A Thursday vote has been scheduled on the House Financial Services Committees version of legislation reauthorizing the Terrorism Risk Insurance Act as industry reps stake out their positions on the House and Senate versions.

Even in the face of the known risks posed by cyber attacks, many corporate boards are not taking the proper steps to address cyber-security issues, says a Securities and Exchange Commission official.

The House Financial Services Committee is moving to effectively shut down the operations of the FSOC for at least six months by barring it from designating any financial institution as systemically significant.

The Workers Compensation Institutes annual Workers Compensation Educational Conference (WCEC), to be held Aug. 17-20 at the Orlando World Center Marriott in Florida, will include a two-day breakout for risk managers, addressing several workers comp-related challenges critical to their mitigation programs.

Buyers are speculating that the $22 billion market can continue its streak without an annual loss even as Warren Buffett said last week that Berkshire Hathaway Inc. is avoiding writing hurricane insurance in Florida because premiums have been pushed too low.