News

U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill.

The escape of toxic sludge from a reservoir at an aluminum processing plant in Hungary is likely uninsured as the company faces total liability for an event that has wiped out all wildlife in the Marcal River, a broker with Aon said.

Brian Braley was elected chairman of the National Risk Retention Association (NRRA) at the group's annual conference in Washington.

Insurers and other non-bank financial companies are being asked for feedback regarding the extent of oversight authority the new Financial Stability Oversight Council (FSOC) should have.

Allstate Corp. has filed a lawsuit against Toyota Motor Corp. seeking compensation for the more than $3 million the insurer paid on accident claims related to the auto manufacturer's allegedly faulty accelerator pedals and other defects.

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