Regarding floor action, lobbyists representing insurance interests said Sen. Mitch McConnell, R-Ken., Senate majority whip, several weeks ago privately outlined to them criteria for putting the trust

Cyclone Larry, which hit far North Queensland on March 20 with sustained winds of 125 mph, is a major disaster for the region, its people and infrastructure, said S&P. But insured losses at this stage

It could be introduced as early as late this week, or April 24 when Congress returns from its spring recess, according to a number of insurance industry lobbyists who asked for anonymity out of concer

Corporate risk managers need to implement a program of sophisticated loss prevention policies and processes known as the Highly Protected Risk concept, a specialist in the field advised at a recent in

NEW YORK--Regulators and insurance industry representatives expressed hope today of fashioning some sort of plan over the next few months that will help insurers with terrorism risk when the current fe

Zurich American has begun assessing which excess casualty insurance customers are due restitution under a multi-million dollar bid-rigging settlement that requires complete calculations by July 10, a

The end of the Terrorism Risk Insurance Act (TRIA) could spell chaos for the property-casualty insurance industry since insufficient capacity exists to cover the exposures, an executive with Marsh sai

He said casualty rates are stable from a decrease of about 5 percent to an increase to about 5 percent. On AIG's casualty book, he said rates to date are down 3 percent. Terms and conditions are holdi