News

Liberty Mutual reached an agreement with two state attorneys general to pay a total of $7.5 million to settle allegations it engaged in a bid-rigging and kickback scheme with insurance brokers.

The Coalition Against Insurance Fraud (CAIF) recently welcomed newly elected officers, and new members.

New Gov. Rick Scott issues first directives.

Aon Benfield has agreed to serve as placement advisor to a new sudden oil spill consortium, formed to deliver larger liability limit coverage for deepwater drilling in U.S. waters, Aon and Munich Re announced late last month.

Insured losses are expected to be light from a 7.1 magnitude earthquake that struck the central coastal area of Chile on Sunday.

The New Year did not begin well for residents of Arkansas, Missouri and Mississippi, who spent the first day of 2011 digging through their belongings after several deadly tornadoes touched down on the last day of 2010.