New federal protections administered by any new federal consumer protection agency would create "a duplicative inefficient system," a property and casualty industry official told the House Financial Services Committee.

Health insurer trade groups warned the Senate yesterday that any health care reform legislation including a public insurance option will have a devastating impact on the current private health care delivery system.

After experiencing false fire alarms in the middle of the night in two separate hotels, are some hotels are setting themselves up for disaster, wonders NU's Caroline McDonald in her blog at www.NoRiskZone.com.

IPC Holdings, Ltd. said it will reach out to other parties to "solicit interest in a possible transaction" in addition to engaging in discussions with Validus Holdings, Ltd. about its offer, the company said in a statement today.

Munich Re, Munich Re America, and the Insurance Information Institute will discuss natural catastrophes that occurred during the first six months of 2009 in an upcoming webinar.

An insurance trade group official said he is urging a Wisconsin lawmaker to revise a pending budget bill that would raise auto insurance coverage requirements.

The trial judge presiding over the stock ownership battle between American International Group and Starr International Company said he doubts AIG can prove its case.

Companies in the United Kingdom, particularly those traded in the United States, are buying huge amounts of insurance coverage as increasing class actions target their management, a survey of risk managers has found.