News

The fatal collision between a recreational airplane and a tourist helicopter over the Hudson River should not affect rates for such planes, but could possibly impact helicopter coverage, according to two insurance brokers.

The Vermont Captive Insurance Association announced membership and service awards for three persons during opening ceremonies at the group's annual conference.

American International Group Inc. said it has an agreement to sell AIG Finance (Hong Kong) Limited to China Construction Bank Asia for $70 million in cash.

AIR Worldwide Corporation announced today that it is the first firm whose catastrophe modeling software will meet the requirements of industry standards group ACORD.

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.

The Illinois Department of Insurance (IDOI) announced today that it has fined an insurer $200,000 for repeated claim-handling violations.