News

Three earthquakes struck Mexico yesterday and early today, but caused little damage because of their remote location, says a catastrophe modeler.

Global-reinsurer capital declined 3 percent in 2011 over the previous year as first-quarter catastrophes and reduction in capacity from government programs took a big chunk out of the total, says reinsurance broker Aon Benfield.

The Government Accountability Office said today in a new report that the government should consider capping crop-insurance-premium subsidies for individual farmers or reducing subsidies for all farmers, or both.

The Government Accountability Office said today in a new report that the government should consider capping crop-insurance-premium subsidies for individual farmers or reducing subsidies for all farmers, or both.

With rates rising in many commercial-insurance linesalthough not uniformly across all linesrisk managers may have to deliver unpleasant news at budget time, but they should stress the value of the products, rather than just the cost, Willis chief executive says.

Brokers Arthur J. Gallagher and Brown & Brown have announced recent acquisitions.