Munich Re said in a statement that because of capital market turmoil--steep falls in share and bond prices--it expects its profit to be below an expected range of EUR3 billion to EUR3.4 billion ($4.71 billi

New York Governor David Paterson has signed into law a bill that prevents insurers from denying claims for injury or property damage based on late notice by the claimant unless the insurer can show th

The second panel will include representatives of the Council of Insurance Agents and Brokers, the National Association of Professional Surplus Lines Offices, Ltd., the Independent Insurance Agents and

The second panel will include representatives of the Council of Insurance Agents and Brokers, the National Association of Professional Surplus Lines Offices, Ltd., the Independent Insurance Agents and

"Because wind speeds and storm surge are higher on the right-hand side of hurricane tracks in the northern hemisphere, the largest concentration of exposure in the U.S.--Brownsville, Texas--was spared t

"Because wind speeds and storm surge are higher on the right-hand side of hurricane tracks in the northern hemisphere, the largest concentration of exposure in the U.S.--Brownsville, Texas--was spared t

The company reported net income was down more than $110 million to $80 million for the second quarter of this year compared to last. This translated into earnings per share loss of 46 cents a share, d

Warren, N.J.-based insurer Chubb Corp. reported net income dropped 34 percent in the first quarter primarily on storm losses resulting in a close to six-point rise in its combined ratio for the second