News

The likelihood of a successful full-scale terrorist attack is directly correlated with the number of operatives involved in the planning, a catastrophe modeler said.

Two rating agencies affirmed the ratings on Aon Corp. after the Chicago-based insurance broker announced plans to acquire Hewitt Associates Inc. for $4.9 billion.

The insurance industry hit the proverbial jackpot with the final version of financial services regulatory reform legislation poised for passage by Congress, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

Hedley Blane was named chief underwriting officer of the Hartford Financial Services Group Inc.'s subsidiary, Hartford Financial Products International Ltd (HFPI).

The National Association of Professional Insurance Agents today urged the leaders of the House to "quickly pass" legislation now expected to be on the floor Thursday that would reauthorize the National Flood Insurance Program for five years.

Authors of a recent study that opposed a proposed tax on offshore reinsurers "don't have their math right," according to William R. Berkley, chairman and CEO of the W.R. Berkley Co.