The Deepwater Horizon oil rig explosion and spill is not a "watershed" event for the property and casualty industry despite an expected $4-to-$6 billion in commercially insured losses, Towers Watson said.

Ethics violations against Rep. Charles Rangel, D-N.Y., include a charge that he solicited and won a $5 million grant from a foundation then associated with American International Group to create an educational institute that bears his name.

A bill before Congress that would tax offshore reinsurance premiums would benefit the three major global insurance brokers if passed, a financial analyst said in a note today.

Fire officials expect to have control over two major wildfires burning in California by the end of this week, but neither incident should amount to catastrophe claims, an insurance association representative said.

Hybrid vehicles overall have higher collision claim frequencies and a 6.5 percent, or $182, higher average claim severity than gas-powered vehicles, according to a Mitchell International Inc. study.

Brown & Brown Insurance wins court fight to keep documents confidential.

Eugene R. Anderson, the founding member of the law firm Anderson Kill & Olick, P.C., died Friday from complications from pneumonia. He was 82.

A rash of wildfires that flared up in Southern California over the weekend appears to be under control after claiming close to 90 structures in the region.