News

Cincinnati Financial Corp. says second-quarter net income more than tripled on a record high for new business and lower catastrophe losses.

The short-tail reinsurer and specialty insurer says it booked a net loss of $77 million in realized and unrealized losses from investments and foreign exchange in the second quarter.

Willis Group Holdings reports second quarter net income dropped 3 percent despite strong earnings growth in all segments of the company.

Florida Gov. Rick Scott has voiced his opposition to legislation that would deny tax deductions for reinsurance premiums paid to foreign-based affiliates of domestic insurers.

Florida Gov. Rick Scott has voiced his opposition to legislation that would deny tax deductions for reinsurance premiums paid to foreign-based affiliates of domestic insurers.

The current selection process by the Financial Stability Oversight Council will be ongoing, not a one-time thing, according to the chief advisor to Deloitte Insurance Group.

The current selection process by the Financial Stability Oversight Council will be ongoing, not a one-time thing, according to the chief advisor to Deloitte Insurance Group.

For many recent hurricanes the damage caused by the storm surge far outweighed the wind-driven impacts but many storm surge models have been shown to underestimate the potential insured losses.