Every risk financing alternative, with the possible exception of guaranteed cost insurance, has benefits and risks. A risk manager must be prepared to make an informed decision regarding whether, and how, an organization should embark on the path of forming a captive.

Every risk financing alternative, with the possible exception of guaranteed cost insurance, has benefits and risks. A risk manager must be prepared to make an informed decision regarding whether, and how, an organization should embark on the path of forming a captive.

The worlds largest privately held insurance broker, Lockton, says it posted record revenues in 2013, topping more that $1 billion for the first time.

Peoria, Ill.-based specialty insurer RLI Corp. says second quarter net earnings rose 21 percent due to spring storm losses costing $3 million less than last year.

Overall satisfaction with auto claims held steady in the second quarter, but the latest J.D. Power survey indicates Mid-Atlantic States customers were very dissatisfied with how insurers handled claims following Superstorm Sandy.

Overall satisfaction with auto claims held steady in the second quarter, but the latest J.D. Power survey indicates Mid-Atlantic States customers were very dissatisfied with how insurers handled claims following Superstorm Sandy.

Berkshire Hathaway is shuttering its online distribution business in India two years after it began offering non-life products as a corporate agent of one of Indias major insurance providers.

For an insurance segment highly coveted by producers and major carriers alike, the high net worth insurance business can often lack one major asset: an abundance of clients. Many wealthy Americans may be unaware that a specialty insurance market geared toward their unique exposures exists, executives say.