News

In a large barn smelling faintly of horses, President Barack Obama signed the $956 billion farm bill into law on Friday, comparing the five-year law to "a Swiss Army knife" because of the variety of ways it can support jobs in America.

CNA Financial Corp said it would sell its life and group insurance business, on the same day that parent Loews Corp reported a bigger quarterly loss, hurt by impairment charges.

CNA Financial Corp said it would sell its life and group insurance business, on the same day that parent Loews Corp reported a bigger quarterly loss, hurt by impairment charges.

Prices are holding steady for corporate buyers of casualty insurance products, and in cases where the loss experience has been particularly good the premiums have fallen. On the property insurance side of the industry, its a buyers market, with prices falling at a quick clip.

Statements by members of Congress in Louisiana and Mississippi that increases in flood-insurance premiums now being implemented will be delayed through a provision in a recent appropriations bill are inaccurate, according to industry lobbyists and FEMA officials.

Statements by members of Congress in Louisiana and Mississippi that increases in flood-insurance premiums now being implemented will be delayed through a provision in a recent appropriations bill are inaccurate, according to industry lobbyists and FEMA officials.