News

Marsh & McLennan Companies' chairman, Stephen R. Hardis, will retire in May and be succeeded by Lord Ian Lang.

British Petroleum vessels have returned to the site of the worst oil spill in U.S. history after the second named storm of the Atlantic hurricane season came and went over the weekend without incident.

As regulators prepare to implement the financial services reform legislation, a House member sought to clarify the legislative intent of surplus lines provisions in a recent floor statement.

Louisiana Insurance Commissioner Jim Donelon has turned to the head of the Michigan FAIR Plan to take over Louisiana's last-resort insurer.

The Institute for Business & Home Safety (IBHS) and the Federal Alliance for Safe Homes (FLASH) will partner to promote an IBHS construction program for homes and commercial buildings that are vulnerable to disasters.

Much of the damage caused by a dam breach due to heavy rain in Iowa is uninsured because an estimated large majority of homes in the affected areas do not have flood insurance.