Marine insurers are seeking rate increases on all classes of business, but ample capacity is keeping the marketplace competitive, Aon brokerage reported.

Bermuda-based Aspen Insurance announced today that it has invested $25 million in a partnership with a newly formed specialized investment fund focusing on insurance linked securities and reinsurance.

Authorities issued a "Scam Alert" yesterday warning that imposters were posing as insurance department employees targeting agents and brokers in Nevada and California seeking confidential personal data.

State Farm Insurance Company will raise its auto insurance rates by 2.5 percent in Illinois because of claim costs, a company spokesperson said.

Aon has taken over as sponsor of world-famous British soccer team Manchester United, a marketing spot that was held by American International Group.

Three insurance claim executives listed their top reasons for late-night tossing and turning during a roundtable discussion at Claims' ACE conference this week.

This week's Tweet Suite Digest recaps the tweets made from the floor of this year's ACE America's Claims Event, held in Las Vegas, Nev.

American International Group has reached an agreement to sell its 66-story Manhattan headquarters tower and another nearby skyscraper, a source said.