The second named storm of the Atlantic Hurricane Season is expected to graze southern Florida before making landfall in Louisiana/Mississippi Sunday, according to catastrophe modeler Risk Management Services.

Insurers are making their mark on U.S. and United Nations-imposed sanctions on Iran, as leading insurers are denying coverage for Iranian vessels that ship vital goods, a Washington Post story reveals.

Calling Aon's decision "troublesome and ambiguous," Willis Group Holdings roundly criticized the insurance broker's decision to accept contingent commissions while having to explain its own legacy contingent commission issue.

A Government Accountability Office official contradicted a Florida Office of Insurance Regulation (OIR) official over a report that reviewed nine of the nation's residual catastrophe insurance programs.

Now that President Barack Obama has signed financial services reform into law, an intense lobbying effort will be set in motion to shape the regulations that will implement the bill to the liking of insurers, brokers and other interested parties.

Agents and underwriters sparred with Agriculture Department (USDA) representatives over agent commission caps put forth as part of the mandated cuts to the federal crop insurance program at a House subcommittee hearing.

Subrogation and claim specialists in New York, Texas, and six other states will soon join nine others who have access to a tool that helps streamline the subrogation process -- at no charge.

BB&T Corp. said its insurance operations produced record quarterly revenues despite the impact of the soft market.