News

The Treasury Department said it will sell more than 52 million shares of The Hartford Financial Services Group Inc. warrants it holds that could garner the U.S. government about $547 million.

At the Reinsurance Rendez-Vous in Monte Carlo, after conversations with attendees, the conclusion was that reinsurers need to take a happy pill and relax, observes Caroline McDonald in her blog. Read more at www.NoRiskZone.com.

The heads of the Independent Insurance Agents and Brokers of America and its affiliated association in New York took issue with criticism of contingent commissions voiced by the president of the Risk and Insurance Management Society.

Liberty Mutual Agency Corp. expects to raise about $1.2 billion through an initial public offering, according to a filing with the U.S. Securities and Exchange Commission.

Property and casualty rate reductions deepened slightly in August overall, but in general have stabilized over the past 12 months, according to the latest "barometer" survey results from MarketScout.

With expiration of the National Flood Insurance Program looming once again--this time on Sept.