News

Insurers may not know the true impact of a recent snow storm that blanketed the Northeast until the ice and snow melt, but for now State Farm, the area's leading insurer, said it has received nearly 600 claims as of Monday at midnight.

Munich Re said 950 natural catastrophes in 2010 caused about $37 billion in industry-wide insured losses, an estimate that is relatively in line with an earlier estimate of $36 billion by Swiss Re.

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.