News

ACE Ltd. says it is buying Penn Millers Holding Corp. for $107 million in cash to complement its current agricultural-market presence.

Typhoon Talas could cost insurers as much as $600 million as officials search for victims of the weekend storm that slammed into western Japan and claimed more than 50 lives.

The Senate Banking Committee today approved Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise and sent the nomination to the full Senate for final approval.

The Senate Banking Committee today approved Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise and sent the nomination to the full Senate for final approval.

Thieves target "big ticket" equipment in Texas and other "Sun Belt" states, creating heavy problems for insurers and owners.

A Mississippi senator withdrew his amendment to flood-insurance reauthorization legislation that would have terminated the Terrorism Risk Insurance Act in 2013, a year earlier than authorized in 2007 legislation.