News

W. R. Berkley Corp. has formed Verus Underwriting Managers, LLC, and named industry veteran Dale Pilkington to head up the new unit.

Senate Republicans say failure to increase federal oversight of large insurance companies is a major deficiency of financial reform legislation and question whether state guaranty funds are adequate to deal with large insurance failures.

The Florida legislature has passed a bill that would exclude certain commercial insurance lines from the rate filing and approval process.

Michigan Governor Jennifer Granholm will sign into law legislation that bans texting while driving in the state, today on the Oprah Winfrey show, a spokesperson for the governor confirmed.

Aon Corp. reported its first-quarter net income dropped 36 percent as economic headwinds and soft market conditions took a toll on earnings.

Florida CFO Alex Sink and Insurance Commissioner Kevin McCarty continue their letter writing campaigns to one another regarding property insurance.