News

Catlin Group has estimated that it will face$40 million in claims for the 2010 second quarter from the Deepwater Horizon drill platform disaster.

Sen. Jeff Merkley, D-Ore., has introduced an amendment to financial services regulatory legislation now pending in the Senate that would drastically reduce the authority of the Office of National Insurance it would create.

Business groups and insurers are mobilizing to defeat a proposed amendment to the financial services reform bill that would substantively expand the reach of private securities litigation.

A course that provides training on how to properly use recycled parts during a collision repair is being offered by I-CAR.

Insurance company executives and independent agents disagree over just how easy insurers are making it to do business with them--an area of opportunity for carriers to expand their business, a survey suggests.

Munich Re reported a 2010 first-quarter net profit of EUR485 million ($620 million at current exchange rate), an 11 percent increase over the 2009 first-quarter net profit of EUR437 million ($558.6 million).