News

First Mercury Financial Corporation announced one its subsidiaries will buy Valiant Insurance Group for roughly $55 million, expanding its ability to write admitted specialty business and allowing it to enter the marine insurance market.

The House has passed legislation that allows recovery of noneconomic damages for maritime death victims' families, starting with the 11 workers that died in British Petroleum's current oil rig disaster.

Florida needs reform in areas of public adjusters and replacement cost value claims processing.

The Independent Insurance Agents & Brokers of New Jersey said it is looking for volunteers for this year's Trusted Choice Big "I" National Golf Championship.

Chartis announced it will bring all of its European operations together under one regional management team headquartered in London in preparation for Solvency II.

New York's average medical malpractice insurance rate will increase 5 percent this year, but "the system is still in crisis," said Insurance Superintendent James J. Wrynn.