WASHINGTON--The American Insurance Association said it is supporting legislation to update the workers' compensation system for maritime workers, which it calls the nation's most expensive comp program

The insurance industry has taken a beating lately from juries, state lawmakers and Congress on issues ranging from Hurricane Katrina claims to broker compensation. Still, NU Editor In Chief Sam

Maplesoft, a provider of high-performance software tools for engineering, science, and mathematics, today announced the launch of the Maple Financial Modeling Toolbox, a collection of tools for

The executive committee of the NAIC, Kansas City, Mo., and the plenary--the body that represents all voting NAIC members--were ready to consider proposed changes to the Viatical Settlement Model Act

Markel Insurance Company has acquired the social services program business of wholesaler Black/White & Associates Insurance. Terms of the deal were not released, said Britton L. Glisson, president and

American Family Mutual Insurance Company will contest a Missouri jury's $17 million class-action award over company insistence that customers use aftermarket parts for collision repairs, a spokesman s

Best said it lowered the financial strength ratings to "C-plus (Marginal)" from "C-double-plus (Marginal)," and the issuer credit ratings to "b-minus" from "b" for the Royal & Sun Alliance USA Insuran

Businesses in the United Kingdom could be facing a very challenging year with threats from the spreading bird flu virus and concerns over increased sophistication of cyber crime, a major brokerage fir