U.S. reinsurers took a beating in their surplus during the first half, seeing a drop of $6.9 billion from last year.

After years of lawsuits, American International Group Inc., its former Chairman and Chief Executive Officer Maurice R. Greenberg and its former Chief Financial Officer Howard I. Smith have agreed to terms for binding arbitration.

After doubling in size on Monday, the "Station Fire" in California threatens homes and commercial properties, with a total insured value of more than $17 billion, modeling agencies AIR Worldwide and RMS have reported.

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

An annual technology survey indicates that claim system implementation isn't as high on P&C insurers' to-do lists as it has been in the past.

Tropical storm Danny never reached hurricane status over the weekend, but in the Pacific Hurricane Jimena is gearing up to become a major hurricane and make a rare land strike on the Baja Peninsula this week.

Gennet Purcell has been appointed commissioner of the Department of Insurance, Securities and Banking for Washington, D.C., Mayor Adrian M. Fenty announced today.

Oakland, Calif.-based EQECAT said it has updated its WORLDCATenterprise modeling software to include relevant information about North Atlantic hurricanes, European floods and earthquakes.