The ACORD Standards Committee (www.acord.org) approved the formation of a new standards program and steering committee for workers' compensation reporting.

Yesterday, Transatlantic Holdings, Inc. and Allied World Assurance Company Holdings, AG announced a $3.2 billion merger deal that executives say will create a global specialty insurer and reinsurer operating in 18 countries on six continents.

International financial services and reinsurance brokerage firm, U.S. RE Companies, Inc., says it has joined with one of China’s leading brokers, Shanghai Transceed Insurance Brokers Co., Ltd.

In today’s environment, agents need to have a social networking site, but the challenge is to understand the risks and to do it properly, says an insurance consultant.

The Government Accountability Office has issued a scathing report on the management of the National Flood Insurance Program, and also notes that under current conditions there is no way the program will ever be “financially sound.”

The Government Accountability Office has issued a scathing report on the management of the National Flood Insurance Program, and also notes that under current conditions there is no way the program will ever be “financially sound.”

Recent news that U.S. commercial property and casualty rates fell 4 percent in May is a “significant credit negative” for the sector, according to Moody’s, and the issue will likely continue to plague casualty lines through the medium term.

SAP introduces six new SAP BusinessObjects analytics applications tailored to address the needs of insurance organizations and other sectors.