Al Orendorff, director of public relations for Aon, said 74 percent of the $190 million, or about $140 million, is expected to be paid out to clients as per the terms of an agreement reached last

Rating agencies keep insurer outlook stable as reinsurers bear brunt of cat damage

Magian said the tail of outstanding liability has been reinsured with Everest Re, on terms that save much of the costs normally associated with closure and "which provide members with a high level of

President Bush ApprovesTRIA Extension BillHouse surrenders most of its proposal to adopt the Senate's bare-bones measureWASHINGTONPresident George W. Bush signed without comment or fanfare ...

Jeff Greenberg Launches ReinsurerBermuda firm backed by former Marsh chief executiveValidus Reinsurance Ltd.--a Bermuda-based startup backed by an investment group headed by former Marsh ...

Are Insurers Denying Oil B.I. Claims?Policyholder attorney says carriers cite soaring profits as rationale for rejectionNew YorkInsurers are citing windfall profits at oil companies ...

WashingtonWith the U.S. Senate considering a proposed asbestos injury fund, the Government Accountability Office is warning lawmakers they should be wary because federal compensation ...

Class Of '05 Startups May Not Get An 'A'Several factors could trip up carriers launched to capitalize on market turn, Fitch warnsThe "Class of ...