News

The Chubb Corporation reported 2010 second-quarter net income of $518 million, a 6 percent decline from 2009 second-quarter net income of $551 million.

The National Association of Insurance Commissioners (NAIC) has created a task force to examine ways of ensuring that agents continue to be involved in the health insurance market even after the new health care exchange concept starts in 2014.

The second named storm of the Atlantic Hurricane Season is expected to graze southern Florida before making landfall in Louisiana/Mississippi Sunday, according to catastrophe modeler Risk Management Services.

Insurers are making their mark on U.S. and United Nations-imposed sanctions on Iran, as leading insurers are denying coverage for Iranian vessels that ship vital goods, a Washington Post story reveals.

Calling Aon's decision "troublesome and ambiguous," Willis Group Holdings roundly criticized the insurance broker's decision to accept contingent commissions while having to explain its own legacy contingent commission issue.

A Government Accountability Office official contradicted a Florida Office of Insurance Regulation (OIR) official over a report that reviewed nine of the nation's residual catastrophe insurance programs.