News

The first half of 2010 has not been kind to reinsurers, who were just beginning to enjoy some recovery from the financial fallout of 2008, according to a reinsurance broker's report.

Praxis Consulting Inc. has acquired Aon Recovery Inc., a subrogation specialty business unit of Aon Global Risk Consulting, which is a subsidiary of Chicago-based insurance broker Aon Corp.

Corporate risk managers are generally dissatisfied with the level of service they get from both brokers and insurers, and very few of these insurance providers distinguish themselves in the marketplace, a consulting service survey found.

Three men have been charged in connection with the arson of a Georgia church. Two have admitted guilt, but the man who may have orchestrated the blaze continues to deny involvement.

A three-judge panel has denied the federal government's request to reinstate a six-month deepwater drilling moratorium pending the government's appeal of a lower court decision that lifted the moratorium last month.

Liberty Mutual Insurance Company has sued Goldman Sachs & Co., alleging that the investment bank misled the insurer about two now-worthless preferred stock offerings of the Federal National Mortgage Association (Fannie Mae).