Check out breaking insurance news from our companion site, PropertyCasualty360.com - where agents, brokers, insurers and claims professionals have access to news, research and data, product info, compliance and legal updates, technology developments, industry trends, and more.
President Barack Obama said the bailout of American International Group was necessary to prevent an economic meltdown of the financial system but added he shared the exasperation many feel over the move.
Commercial insurance clients are facing increased risks and regulatory scrutiny which are creating opportunities for Aon brokerage, the firm's chief executive said.
Mini-cars, the two-seat vehicles becoming popular with fuel-conscious auto buyers, fared poorly in real life crash situations, according to the Insurance Institute for Highway Safety.
A new firm that says it aims to help insurance agents and agency owners with a distinctive sales strategy that leads with workers' compensation announced it has commenced operations.
Moody's Investors Service said it has downgraded loss-battered New York-based bond insurer Ambac Assurance Corp. and Ambac Assurance UK Ltd., dropping "Adequate" ratings for both to "Ba3" from "Baa1."
Do Eliot Spitzer's views on the financial crisis have value despite his exit in disgrace as New York's governor? Click to www.property-casualty.com to answer this week's NU online poll.
In NU's most recent online poll, 78 percent do not believe AIG will ever repay taxpayers for its federal bailout. NU Editor In Chief Sam Friedman assesses the odds for himself in his blog today at www.property-casualty.com.
Daytona Beach, Fla.-based insurance brokerage Brown & Brown said it has acquired W. R. Reed & Co. of Portland, Ore. Financial terms were not released.
Financially troubled Bermuda-based surety insurer Syncora Holdings Ltd. has been delisted from the New York Stock Exchange and will no longer file as a publicly traded company, the firm announced.
FC&S Coverage Insider helps you stay on top of what's happening in the industry, bringing you the latest risk and coverage analyses, discussions, and more.