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Extreme weather is happening and causing serious problems. Every county in Maine has been hit by a federally declared weather-related disaster since 2006. Could the state's loss foretell what may come?
Itasca, Ill.-based insurance broker Arthur J. Gallagher says it is expanding its excess and surplus lines business into Louisiana with the acquisition of First Premium Insurance Group, Inc.
Trade groups that represent surety insurers are calling the failure of a Pennsylvania-based surety insurer highly unusual, and maintaining that the industry remains reliable and strong.
Trade groups that represent surety insurers are calling the failure of a Pennsylvania-based surety insurer highly unusual, and maintaining that the industry remains reliable and strong.
Despite the challenges posed by a year of extraordinary catastrophes, Swiss Re says its 2011 net income increased by more than $1.7 billion thanks in part to a reserve release of $1.3 billion.
Louisiana's property insurer of last resort is offering nearly $103 million to settle disputes over its handling of claims after hurricanes Katrina and Rita more than six years ago.
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