News

Property and casualty insurers can expect moderate net premium growth but additional deterioration in underwriting results for 2011, according to a new forecast and analysis released by Conning Research and Consulting.

Ambac Assurance’s segregated account will not begin to make claims payments beginning in May because regulatory officials are not comfortable with the company’s ability to pay claims, officials say.

Munich Re says it expects its first quarter natural disaster catastrophe claims loss to total $3.9 billion.

Cincinnati Financial Corporation says its chief executive officer will become chairman of the company’s board of directors and its chief financial officer will become CEO as part of a leadership transition.

A massive tornado with winds of at least 166 mph rumbled through the northwest side of St. Louis on Friday, leaving thousands of damaged homes.

A Calif. business owner faces jail time after underreporting over $10 million in payroll over 4 years.