News

A group of policyholders sued Ambac Financial Group to prevent the corporation from taking funds from Ambac Assurance Corp. while it is in runoff.

Fort Worth, Texas-based insurance broker Higginbotham & Associates, a former winner of National Underwriter's Agency of the Year Award, has acquired Corpus Christi, Texas-based Swantner & Gordon Insurance Agency.

The chances of another earthquake in Chile like the one that occurred in February are slim, according to risk modeler AIR Worldwide.

Homeowners who have recently been affected by flood map changes may be eligible for a new flood insurance option that can provide temporary financial relief.

U.S. property and casualty reinsurers saw 2010 first-half net premiums written drop 4 percent compared to last year while their combined ratio increased to 98.7 from 93.8.

Insurers still marketing with telephone calls, conferences, e-mail and live meetings may be missing an opportunity for growth if they ignore social media, according to an industry expert.