Mr. Perschetz, with Muldoon Murphy & Aguggia, in Washington, D.C., which contributed to crafting the bills' language, told National Underwriter that he is confident the captive legislation will be pas

If Marsh & McLennan Companies had not gotten the price it did for Putnam, it would have pursued other avenues for the divestiture of its investment firm subsidiary, but a spin-off would probably have

Federal lawmakers in both the House and Senate are drafting and plan to soon introduce bi-partisan legislation that would radically alter the insurance industry's long-standing exemption from federal

Lots of talk, but not much action as states grapple with controversial

That's the view of the insurance industry given the state's new property insurance law, which industry groups argue will put the onus of recovery on the backs of the state--and by extension

The reduction in one-time charges (primarily related to the fee investigation) as well as a reduction in expenses should help brokers improve their net earnings in 2007, according to a recent review

Before a federal judge threw a monkey wrench into the process, some insurance groups expressed hope that the proposed State Farm class-action agreement to settle water-related Hurricane Katrina

Such a provision would probably be acceptable to the insurance industry, but given the fact the NFIP is currently in the hole by more than $23 billion, it is likely to be received with skepticism in