Pricing for directors and officers insurance dropped 12 percent in the first three months of 2012 compared to 2011s fourth quarter, according to an Aon Financial Services Group report.

British insurer Aviva's chief executive Andrew Moss has waived his 2012 salary increase, bowing to shareholder concerns over executive pay three days before he is due to face investors at the group's annual general meeting.

British insurer Aviva's chief executive Andrew Moss has waived his 2012 salary increase, bowing to shareholder concerns over executive pay three days before he is due to face investors at the group's annual general meeting.

Willis Group Holdings posted a higher first-quarter profit that topped Wall Street estimates, as it earned more from commissions and fees, but the insurance broker withdrew its previous forecasts due to uncertainty in some operations.

The state-backed Florida Citizens Property Insurance Corporation is set to raise $750 million of hurricane protection through a sale of catastrophe bonds, more than three times the original target, market sources said.

William R. Berkley on AIG and soft-market pricing, Rep. Aaron Schock on Senate inaction on an NFIP extension, and more.

Italian-insurance agents and brokers are seeking to break the restrictions placed on them by their domestic carriers and welcome U.S. carriers business and U.S. independent-agent practices to their shore.

The National Insurance Crime Bureau estimates insurance fraud has escalated by 19 percent since 2009. To detect more fraud, reduce false positives, and improve investigator efficiency, insurance carriers are turning to the latest version of SAS Fraud Framework for Insurance.