News

The drilling rig Deepwater Horizon that sank in the Gulf of Mexico last week after an explosion will result in a major loss for Hannover Re, the company announced today.

Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.

A bill opposed by insurers that would have banned credit-based insurance scoring in Wisconsin never made it out of committee before the end of the legislative session.

The Louisiana State Senate has passed a bill banning insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.

American International Group is "stable," primarily as a result of a huge infusion of government financial aid, the Government Accountability Office said in a new report.

Contingent commissions are either a serious conflict of interest that clouds the insurance buying decision, or can act as leverage in the carrier-client relationship, according to the conflicting views of two brokers.