News

Western National Insurance Group of Edina, Minn., said it has completed its purchase of Titan Property & Casualty Insurance Company.

A new study by the bipartisan Congressional Budget Office almost doubles its earlier estimate of the reduction in cost of medical liability insurance through a common package of tort reforms.

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If the insurance industry had the equivalent of baseball's "Comeback Player Of The Year" award, the winner in 2009 would no doubt be Maurice Greenberg, says NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.

The health insurance industry reported a decline of 12.4 percent in net income, to $8.2 billion, as of Sept. 30, compared to the same period in 2008, according to a new analysis by Highline Data.

Global natural catastrophe losses for 2009 are estimated to have cost insurers more than $20 billion, according to assessments from two insurance industry participants.