News

Ninety-eight percent of the 1.7 million Hurricane Katrina-related claims were settled within a year, a new white paper said.

New York-based insurance brokerage Integro announced it has completed a merger with Nashville, Tenn.-based Frost Specialty, LLC, an insurance agency specializing in the music industry.

A new report from the Chubb Group of Insurance Companies insists that, now more than ever, fiduciary liability insurance should be included within any corporate risk management program.

Despite research reports showing escalating numbers of securities lawsuits filed by government enforcers--such as the U.S. Securities and Exchange Commission--a buyer's market continues for directors and officers liability insurance.

Pennsylvania court cases ruling that subcontractors' faulty work should be excluded from commercial general liability (CGL) policies has caused a coverage gap for insureds and confusion for agents selling the policies, a state agent association said.

The U.S. bore all the risk for its rescue of American International Group under the Troubled Asset Relief Program (TARP), but the program largely benefitted overseas institutions, a new Congressional Oversight Panel (COP) report said.

Crawford & Company has confirmed that it has been retained to administer claims stemming from the Gulf oil spill.

A tropical depression did not intensify into a tropical storm before making landfall along the Gulf Coast over southeastern Louisiana, but the slow-moving system will continue to dump rain on the region through Friday evening, reports indicate.