News

Chartis announced it will increase its underwriting capacity at the Oil Rig unit of its Global Marine and Energy Division to $200 million from $150 million.

The National Association of Professional Insurance Agents (PIA) has released a series of Spanish print advertisements that will allow its members to better reach Spanish-speaking insurance buyers.

Ratings have been negligible, Moody's Rating Service said.

Insurance brokerage bank holding companies' fee income grew to its highest level to date, according to a report issued by Michael White Associates.

A series of recent losses for the airline industry may mean the aviation insurance line will be hard pressed to see a profit in 2010 should the loss trajectory continue, according to a report from Aon Corp.

Sen. Jay Rockefeller, D-W.Va., threatened to resurrect his quest for a public health insurance option after failing to win a commitment from federal and state officials for regulations imposing tight control over administrative costs in premiums.

Since the economic recession began in December 2007, employment in the insurance industry has decreased across multiple sectors, according to a new report.

With the prediction of a very active hurricane season on the horizon, a report on catastrophe bond activity shows 2010 second-quarter transactions were the second most active on record, but outstanding capital is down.