News

A tropical depression is expected to intensify to a tropical storm and enter the Gulf of Mexico late Friday, which could complicate efforts at the British Petroleum oil spill site.

A recent tech security survey for the financial services sector might give the impression that the insurance industry has awakened to the threat of cyber-risks, but one analyst warns that there remains much room for improvement.

State insurance regulators and legislators have a long way to go to implement a federal law that goes into effect today and is meant to modernize surplus-lines regulation.

Weather Services International (WSI) is now calling for 19 named storms, slightly downgrading its initial predictions in response to a slow start to the 2010 hurricane season.

Policyholders suing American International Group (AIG) over allegedly excessive workers' compensation rates can continue to do so, the Supreme Court of South Carolina has ruled.

The State of Vermont's captive insurance sector reported a strong first half of 2010, licensing 17 new captive insurance companies and surpassing 2009 half-year numbers as the state nears its 900-license milestone, officials said.

While property and casualty premium growth is expected for 2010, it will likely lag real gross domestic product growth rate as commercial lines pricing continues to show softness, according to a new Conning Research & Consulting analysis.

Louisiana insurers that choose to remove policies from the state's last-resort insurer will now have their pick of policies rather than having to take them in a bundle, according to recent legislation.