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William Berkley, who heads a group of U.S. insurers working to close what they see as a tax loophole for foreign insurers, suggested that critics are launching empty threats to thwart his coalition's efforts.

Insurers plan to invest $84 million, on average, over the next three years to improve their multi-channel distribution strategies, according to findings of a global survey by Accenture.

With hurricane season set to begin June 1, the nation's weather service predicted an above average season, with an increasing likelihood of a major storm reaching the shores of the U.S.

Learning from changes that occurred through the financial crisis, insurers are looking for agile systems that can change with the marketplace, but carriers also must incorporate customer intelligence into their decisions, analysts said.

Analysts raised red flags about the future of American International Group at a congressional hearing.

NOAA, the nation's weather service, predicts an above average season, with an increasing likelihood of a major storm reaching the shores of the United States.