Reinsurance company Everest Re Group Ltd. on Thursday said that claims related to the massive flooding this year in Thailand could cost it $100 million to $125 million after certain premiums and taxes.

If U.S. property and casualty insurers do not manage capital and maintain underwriting discipline after the many profit-draining factors the industry faced during the first nine months of 2011, some companies could feel the pressure of ratings downgrades, says insurance rating agency A.M. Best Co.

A state Supreme Court justice known for opinions written in rhyme has done it again, this time in a case of whether the maker of a forged check also had committed insurance fraud.

Pennsylvanians were approved for $420 million in disaster aid, but that figure will increase as pending applications continue to be processed, according to FEMA and PEMA officials.

Fears that only the federal government has the power to prevent imposition of bank-centric international-financial regulation by Europeans is leading two major insurance players to moderate their comments to the Treasury Department on the role the federal government should play in insurance regulation going forward.

Fears that only the federal government has the power to prevent imposition of bank-centric international-financial regulation by Europeans is leading two major insurance players to moderate their comments to the Treasury Department on the role the federal government should play in insurance regulation going forward.

Grahame Millwater, the president of Willis Group Holdings, will retire at the end of the year and his responsibilities will be split between two senior executives.

An examination of some of the top U.S. property and casualty insurers by Fitch Ratings has found Farmers Insurance, W.R. Berkley, Old Republic and Firemans Fund will be the most affected by weak new money yields.