While insurance executives typically do all they can to grow their companies, Barry Gilway was hired to do a different kind of job as the new president and chief executive officer of Florida Citizens Property Insurance Corp.

Given the phenomenal budget challenges faced by the federal, state and local governments, the U.S. must adopt a cohesive and adaptable Enterprise Risk Management strategy in order to avoid becoming the next Eurozone, a risk expert says.

In the face of an expected slow-growth insurance market over the next two years, insurance executives plan to focus on improving operational processes and technological capabilities as well as acquiring new businesses to remain competitive, according to a recent survey.

In the face of an expected slow-growth insurance market over the next two years, insurance executives plan to focus on improving operational processes and technological capabilities as well as acquiring new businesses to remain competitive, according to a recent survey.

About half of the $700 million of debt issued by bankrupt Stockton, California, is insured and a few traders have carried on some speculative purchases of its bonds, investors said on Thursday.

About half of the $700 million of debt issued by bankrupt Stockton, California, is insured and a few traders have carried on some speculative purchases of its bonds, investors said on Thursday.

Insurers were able to breathe a collective sigh of relief in 2012s first quarter, as a dramatic drop in catastrophe losses helped the industry realize much needed improvement in profitability, says the Insurance Information Institutes president.

Insurers were able to breathe a collective sigh of relief in 2012s first quarter, as a dramatic drop in catastrophe losses helped the industry realize much needed improvement in profitability, says the Insurance Information Institutes president.