News

Tennessee Gov. Bill Haslam has signed legislation that will allow the formation of captive-insurance companies in the state.

The property & casualty industry continued to release reserves in 2010, but this part of the reserving cycle may be coming to an end, says a report on loss reserves from Conning Research & Consulting.

The property & casualty industry continued to release reserves in 2010, but this part of the reserving cycle may be coming to an end, says a report on loss reserves from Conning Research & Consulting.

XL Group says April and May tornado-spawning storms in the U.S. are expected to cause losses of between $50 million and $75 million, pretax and net of reinsurance and reinstatement premiums.

A survey of insurance carriers finds the commercial-insurance market is remaining relatively flat for the ninth month in a row, says Towers Watson.

Catastrophe risk modeler EQECAT says the latest earthquake in Christchurch, New Zealand is expected to cause an additional $3 billion to $5 billion in insured losses.