Hit by underwriting losses due to the Deepwater Horizon oil rig explosion and the Chilean earthquake, specialty insurer Markel Corp. posted a 36.7 percent decrease in second-quarter net income.

Bermuda was spared from tropical storm-force winds as Colin once again defied expectations and dissipated as it neared the island over the weekend, according to catastrophe modeler Risk Management Solutions (RMS).

BB&T Insurance Services has launched an online auto insurance service for consumers to shop for coverage, compare quotes and purchase auto insurance, the firm said.

Working in the insurance industry for nearly half a century--and serving with the Insurance Services Office since its foundation in 1971--Carole J. Banfield

Insurance Commissioner Kevin McCarty defends OIR actions in letter to Tallahassee newspaper.

Despite the casual nature of social media sites such as Facebook and LinkedIn, the use of social media is subject to state insurance laws that govern advertising and unfair trade practices.

As Congress considers ways to resolve wind-versus-water damage disputes, the U.S. House of Representatives for the second time in two weeks opted not to act on a bill that would add windstorm coverage to the National Flood Insurance Program.

The federal government may sell its stake in American International Group through a public stock offering sometime after 2013, according to the Government Accountability Office.