News

Aspen becomes latest reinsurer to receive approval under Florida's reduced collateral rules.

A risk retention group organization praised actions taken by New Jersey Governor Chris Christie and Nevada Insurance Commissioner Brett Barratt to kill proposals that the organization says would discriminate against RRGs.

MBIA narrowed its first-quarter net loss by more than $340 million as the company saw a steady decline in loss severity in its structured-finance obligations.

Employment in the insurance industry increased in March relative to April, according to an Insurance Information Institute analysis of U.S. Bureau of Labor Statistics data, but the slight bump is typical of a March vs. February comparison, the I.I.I. notes.

A 5.3 magnitude earthquake has struck Spain about 218 miles south-southeast of Madrid, causing several deaths and toppling buildings, according to the U.S. Geological Survey.

PropertyCasualty360.com’s Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics. Check out the latest claim-related tweets.