News

Catastrophe modeler Risk Management Solutions said the end of the 2010 Atlantic hurricane season is not the time to relax. Conditions "are still ripe for further activity."

Last week's election results for state gubernatorial races across the nation are likely to radically change the complexion of the state insurance regulatory system, with commissioner positions hinging on the actions of newly elected governors.

American International Group said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York.

With its third-quarter net income result doubling over last year, and its capital position improving, Swiss Re said it has reached agreement to repay Berkshire Hathaway, which injected $2.6 billion into the Zurich-based reinsurer last year.

Haiti and Cuba were spared the full force of Hurricane Tomas over the weekend as the storm skirted the islands through the Windward Strait without making landfall.

With U.S. property and casualty insurance rates falling 4 percent in October 2010, the industry may be experiencing a "new normal" in terms of market conditions, according to an executive.