Reps. Ron Klein, D-Fla., and Tim Mahoney, D-Fla., introduced the legislation to help stabilize the catastrophic insurance market without adding to taxpayers' burden. The bill, known as the Homeowners

An appeal by the National Risk Retention Association and numerous risk retention groups that the state of Massachusetts drop its redundant requirements of RRGs--which are governed by a federal law--has

A major international insurer said its losses from flooding in the United Kingdom would not exceed $400 million, and a rating agency said the event would not affect its rating of the country's insurer

Marsh & McLennan Companies Inc. said today that it completed the sale of Putnam Investments to Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial C

Marsh & McLennan Companies Inc. said today that it completed the sale of Putnam Investments to Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial C

A regional insurance carrier is airing Trusted Choice advertisements in the New England area--the first carrier to tie the independent agent branding campaign to its company and agent representatives t

The Risk and Insurance Management Society (RIMS) said today it strongly supports the revision of the Terrorism Risk Insurance Act, or TRIREA, H.R. 2761, as passed by the House Financial Services Commi

Yesterday's decision by a New Orleans Appeals Court favoring insurers' interpretation of flood exclusions in Hurricane Katrina cases should send a message to homeowners about the need to buy flood ins