Toronto-based Fairfax Financial Holdings Limited is making a bid of approximately $960 million to acquire a minority stake in Stamford, Conn.-based Odyssey Re.

Financially desperate residents and scam artists may be committing more automobile insurance fraud to cash in on insurance money.

The chief executive officers of 11 major reinsurance operations announced the formation Sunday of the Global Reinsurance Forum, an international trade organization for their industry.

In an effort to build its client base, Munich Re said it plans to sharpen its strategy and extend its service model with rebranding and internal restructuring.

Health insurance reform legislation drafted for the Senate Finance Committee would create a network of nonprofit cooperatives as an alternative provider for the coverage, according to an outline obtained by National Underwriter.

The Insurance Information Institute warns that many state-run property insurance plans are on "shaky ground." Exacerbating the problem are the credit crunch and prolonged economic downturn.

The key to managing the risks of ATV coverage is to understand the machines, their back story, and the essential elements of a typical ATV accident investigation.

A federal judge ruled last week that Starr International Co. Inc. did not breach its trust to AIG employees over continuation of a deferred compensation program.