From potential adverse impacts on smaller insurers to concern over a "bifurcated" approach to NBCR, industry groups, while pleased with progress on the TRIA front, have reservations about the expected House bill

Malaysia Airlines has begun giving out $50,000 in advance insurance payments to the families of the 239 people aboard missing Flight 370, reports ABC News.

The worlds largest reinsurer is counting on Brazilian President Dilma Rousseff to do whatever it takes to avoid the embarrassment that would result from interruptions.

In NUs annual rankings, based on data from SNL Financial, the average combined ratio fell by more than six points.

The Republican leadership of the House Financial Services Committee is proposing a substantive reduction in potential government liability for terrorism attacks in order to have terrorism risk insurance transition to the private sector as soon as possible, a Republican lawmaker tells PC360.

AIG announced a tender offer for as much as $1.5 billion of its bonds as Chief Financial Officer David Herzog seeks to cut debt.

The Terrorism Risk Insurance Act would be reauthorized in its present form but with much greater industry liability for five years under legislation to be unveiled today by House FSC Republicans, a compromise from an earlier draft calling for a three-year extension.

Berkshire Hathaway Inc.s specialty insurance business said its latest push is into backing construction projects. Geoff Delisio, 47, was hired from Zurich Insurance Group AG as a senior vice president for surety, Berkshire Hathaway Specialty Insurance said in a statement.