The Property Casualty Insurers Association of America and the American Insurance Association are voicing concern to the Treasury Department about its plan for making payments to and getting funds from insurers following a terrorism incident.

Theft of information and electronic data at global companies has overtaken physical theft for the first time, but most losses are smaller, spanning months and even years, according to an annual fraud survey.

Modeler EQECAT said Typhoon Megi is expected to cause $500 million to $1 billion in economic damages in China after having causing extensive damage and 27 deaths earlier in the week in the Philippines.

Homeowners in four states are eligible to get relief from a contaminated drywall dilemma that has allegedly caused them to get sick and caused damage to the homes' infrastructures.

Although economists generally do not expect sharp increases in inflation, insurers should develop plans to consider how they will respond if inflation surges.

The New York Insurance Association named the 2000 Honda Civic the most frequently stolen vehicle in New York State for the third year in a row.

Brown & Brown said it has acquired a portion of Greystone Benefits Inc. of Berwyn, Pa., an employee benefits firm.

While the insurance industry fared well during the global economic crisis, many insurers see room for improvement in their enterprise risk management programs, according to an industry survey.