News

In the wake of New York’s decision not to join a nationwide compact on sharing of surplus-lines taxes, industry officials believe such compacts may be doomed.

Aviation losses were again above average in 2010, but that result will not necessarily translate into a hard market for aviation insurance, says insurance broker Aon.

Aviation losses were again above average in 2010, but that result will not necessarily translate into a hard market for aviation insurance, says insurance broker Aon.

Arch Reinsurance Ltd. has become the 12th foreign reinsurer to be approved in Florida to post reduced collateral.

Despite its devastation, Japan’s earthquake will not have a global impact on insurance rates, but the cumulative effect of a series of catastrophes and changes in modeling will likely produce rate increases in some sectors, according to a report from Towers Watson.

Amid a federal investigation of potential workers' compensation abuses, Gov. Pat Quinn's administration on Friday proposed systemwide changes to prevent possible malfeasance and save employers money.