News

Hurricane Alex became the first hurricane to hit land in the month of June in more than 40 years, but its effect on the U.S. was minimal, according to a catastrophe modeler.

Willis Duncan alleged that he tripped over a box of motor oil in the automotive aisle at a Magic Mart located in Pike County, Ky., but an investigation revealed the real origin of the injury.

Insurance groups want commissioners involvement in new health care ratios.

Property-catastrophe reinsurance rates in the United States have significantly decreased despite catastrophe losses from the Chile earthquake and storms in Australia during the first half of 2010, according to three reports on July 1 reinsurance renewals.

OneBeacon Insurance Group said it has completed the sale of its traditional personal lines business to Tower Group, Inc.

The Senate, last night, extended the long delayed National Flood Insurance Program, an action that one agent group declared unacceptable due to political wrangling.