News

Property insurer Chubb Corp, a major player in the U.S. Northeast, has suspended share buybacks because it is unsure how large its losses will be from Superstorm Sandy.

A jury in Mahoning County, Ohio has determined that Nationwide Insurance must pay former agent Christine Lucarell $42.8 million in damages related to charges that the insurer breached its contract with Lucarell and fraudulently misrepresented the terms of her employment.

After a decade as the leader of Philadelphia Insurance Cos., CEO Jamie Maguire is stepping down.

Tower Group says it expects an after-tax net loss from Superstorm Sandy of between $55 million and $68 million next quarter.

Mortgage insurer MGIC Investment Corp said it would pay Freddie Mac $267.5 million to settle a dispute that had threatened to stop it from writing new insurance throughout the United States.

New organization educates legal and insurance professionals on resolving disputes and best practices in policy formation and claims handling.