News

The United States continued to be a source of insured catastrophe losses this year despite avoiding a hurricane landfall.

In a just-released "Governor's Transition Decision Handbook" from Florida TaxWatch, one of the "prominent issues" cited is insurance.

Consolidation in the crop insurance sector continued as Everest Re Group, a Bermuda-based insurer, announced Wednesday that it has entered into discussions with Kansas-based Heartland Crop Insurance regarding a potential acquisition.

The China Insurance Regulatory Commission has granted licenses to Chubb Corp. and XL Group to operate businesses in the country.

Vermont Gov. elect Peter Shumlin has chosen Steve Kimbell to be the state's next commissioner of Banking, Insurance, Securities and Health Care Administration.

Texas drivers will need to purchase more automobile insurance at the start of 2011 to complete a two-year plan to update minimum liability coverage required.