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Breckenridge IS, Inc., a specialty underwriter and program management company, has acquired specialty broker Overby-Seawell Company for undisclosed terms, the company announced.

The Senate again failed to move a tax extenders bill containing a National Flood Insurance Program (NFIP) extension, but

As prosperity rises in China so does the need for insurance, and the nation needs greater risk transfer penetration as it shares an unusually large burden in catastrophe risk, according to a report released by Munich Re.

Independent agencies have until July 1 to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and its sister publication, American Agent & Broker.

Having insurance for product recall is invaluable, but it does not serve as a substitute for implementing good procedures to deal with a recall, a consultant with insurance broker Marsh said.

Companies that collect personal information need to develop plans in advance to guard against data theft so they can protect the company in case of a breach and communicate to those affected, according to a panel of experts.