News

A major shareholder advisory firm has recommended shareholders of Transatlantic Holdings vote against its proposed merger with Allied World Assurance.

The U.S. Department of Labor has ordered Union Pacific Railroad Co. to pay damages and attorney fees to three employees who reported workplace safety issues.

Word that Sen. Roger Wicker, R-Miss., had introduced an amendment that would end the Terrorism Risk Insurance Act (TRIA) in 2013 sent the insurance industry scrambling to persuade Wicker to drop his plan.

Pricing in commercial lines and reinsurance appears to be firming, according to reports, and Moodys Investors Service has upgraded its outlook on both sectors to stable from negative.

Industry experts discuss the impact on the insurance industry of the Terrorism Risk Insurance Act.

The Thursday decision of the Senate Banking Committee to support the idea of splitting the difference on the wind-v-water issue is setting off a fierce, albeit behind-the-scenes, lobbying campaign within the insurance industry.