Mobile-home owners in Florida insured by the states residual property insurer will see rates rise by an average of 0.3 percent, the states Office of Insurance Regulation said late yesterday.

The chief executive of a hedge fund disputed the assertion in a New York Times article that Allied World Assurance Co. made a substantial investment in his firm.

The Global Federation of Insurance Associations, a group of 31 associations representing 87 percent of the insurance business globally and much of the U.S. industry, formally established itself as an association and held its first meeting today in Washington at the headquarters of the American Council of Life Insurers.

The Global Federation of Insurance Associations, a group of 31 associations representing 87 percent of the insurance business globally and much of the U.S. industry, formally established itself as an association and held its first meeting today in Washington at the headquarters of the American Council of Life Insurers.

The commercial auto insurance segment recorded its first underwriting loss in eight years in 2011 due to a combination of declining premiums, increasing claims severity and a reduction in favorable prior-year reserve releases, a new report states.

Since the 1938 event, risk management--like baseball--has evolved into a much more sophisticated game.

Since the 1938 event, risk management--like baseball--has evolved into a much more sophisticated game.

New programs from Markel, Allied World Assurance Co. and NIP. American College dedicated a center for financial ethics. IIABA installed new vice chairman. Entrepreneurial Insurance Award winners announced. Carrie Reynolds released book to help first time buyers insure their homes.