News

Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker, with entries due by July 1.

Transocean Ltd. has filed a petition under the federal Limitation of Shipowner's Liability Act of 1851 to limit its liability for the Deepwater Horizon oil rig explosion to less than $26.8 million.

Ironshore Inc. said it is entering the personal lines market to underwrite a high value homeowners program for properties valued at more than $1 million.

Officials from the crop insurance industry are voicing opposition to a proposal by an Iowa State University professor that the current system be replaced with a direct subsidy program.

Thomas J. Slattery, for many years the editor of National Underwriter, passed away this weekend of respiratory failure at the age of 68.

In his first annual shareholders meeting address, American International Group President and Chief Executive Officer Robert Benmosche highlighted the company's strong 2010 first quarter results.