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New York's financial regulator has asked Lloyd's Banking Group and Swiss Re for details about dealings linked to Iran as part of a probe into 20 non-U.S. reinsurance firms.

New York's financial regulator has asked Lloyd's Banking Group and Swiss Re for details about dealings linked to Iran as part of a probe into 20 non-U.S. reinsurance firms.

A 40-year insurance veteran who last served as president of an Indiana-based independent insurance agency has been hired as the next CEO of Louisiana Citizens Property Insurance Corp.

A 40-year insurance veteran who last served as president of an Indiana-based independent insurance agency has been hired as the next CEO of Louisiana Citizens Property Insurance Corp.

Insurers have so far fielded over 70,000 claims costing $687.9 million from the tornadoes that hounded Oklahoma in May.

Insurers can drive down their claims costs by $36 billion if they embrace technology innovations allowing them to better manage their information assets, says an industry analyst.