News

Natural and man-made catastrophes have caused an estimated $36 billion in losses for insurers in 2010, a 34 percent increase over last year, said Swiss Re.

The Congressional Budget Office today released a report slashing its estimate of the government's cost of bailing out American International Group to $14 billion--a steep drop from its March estimate of $36 billion.

Although a total of 19 named storms formed, the extremely active hurricane season was a 'gentle giant' for the U.S. according to the NOAA.

For fiscal year 2010, the U.S. Equal Employment Opportunity Commission received nearly 100,000 new private sector charges of employment discrimination--a record high and a jump of 7 percent over 2009, the agency reported.

Medical professional liability insurers need to develop new capabilities to be profitable in a field that will experience several changes in the wake of health care reform, according to a new Conning Research study.

After nine months, U.S. property and casualty reinsurers saw net income rise to $6.27 billion, nearly five times what the same group of reinsurers recorded during the same time in 2009.