News

As debate continues on financial services reform legislation in the Senate, insurance industry representatives said they will work to eliminate regulatory provisions they consider too "bank-centric."

With all the fuss at the RIMS conference over contingent commissions, wouldn't it make more sense for risk managers to just pay their brokers a fee for services rendered, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

Insurance software provider Sapiens International Corporation N.V. announced it has acquired the technology firm Harcase Software.

Castle Key Insurance Cos. are expanding their writings of homeowners and tenant insurance policies in Florida.

A federal judge in Louisiana has awarded $164,049.64 to a family whose home was affected by Chinese drywall.

The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a EUR40 million ($52.8 million) loss for German reinsurer Hannover Re, the firm said.