News

A bill before Congress that would tax offshore reinsurance premiums would benefit the three major global insurance brokers if passed, a financial analyst said in a note today.

Fire officials expect to have control over two major wildfires burning in California by the end of this week, but neither incident should amount to catastrophe claims, an insurance association representative said.

Hybrid vehicles overall have higher collision claim frequencies and a 6.5 percent, or $182, higher average claim severity than gas-powered vehicles, according to a Mitchell International Inc. study.

Brown & Brown Insurance wins court fight to keep documents confidential.

Eugene R. Anderson, the founding member of the law firm Anderson Kill & Olick, P.C., died Friday from complications from pneumonia. He was 82.

A rash of wildfires that flared up in Southern California over the weekend appears to be under control after claiming close to 90 structures in the region.

Favorable prior year loss reserve development and investment results boosted 2010 second-quarter net income for CNA Financial Corp. to $283 million.

Los Angeles-based Mercury General Corp. said it spent $12.1 million in the second quarter in support of a ballot initiative that was defeated, adding nearly 2 points to the expense ratio.