News

PartnerRe Ltd. said it expects insurance industry losses from the Chile earthquake could hit $10 billion and its own expected claims could exceed $300 million.

For the second straight year, captive owners said securing collateral from banks to satisfy their fronting companies is their top concern, a survey by the Captive Insurance Companies Association has revealed.

The Obama administration, moving again to put the spotlight on health insurers, asked five large carriers to publicly disclose their justification for large rate increases.

Legislation will be introduced in the House allowing risk retention groups to sell commercial property insurance, according to an industry source.

The head of America's Health Insurance Plans said at a conference here that Congress and the Obama administration should stop excoriating carriers and focus on solving health care legislation problems.

American International Group Inc. said it had an agreement to sell American Life Insurance Company to MetLife Inc. for approximately $15.5 billion.