News

The National Conference of Insurance Legislators said it has adopted a model act for state lawmakers designed to discourage faulty airbag repairs and airbag theft.

Max Capital Group Ltd. said it has promoted Executive Vice President David Kalainoff to the post of president of reinsurance operations for Bermuda and Ireland

The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their inhabitants.

Insurance broker Arthur J. Gallagher & Co. said it has acquired Shuford Insurance Agency Inc. in Concord, N.C. Financial terms were not released.

A federal court ruling holding the Army Corps of Engineers, and the U.S. government by extension, liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the P&C industry.

Floods that hit the United Kingdom last week could cost insurers up to $165 million, the Association of British Insurers estimated.