News

Property and casualty insurance industry first quarter profits continued to slide with net income declining 89.4 percent according to the Highline Data Performance Monitor.

American International Group, Inc. announced it will sell off a huge piece of its stake in reinsurance giant Transatlantic Holdings, worth nearly $1 billion.

Florida Gov. Charlie Crist yesterday indicated he may veto the "Consumer Choice" bill that would eliminate rate restrictions on some home insurance.

Offshore energy operations are facing Monday's hurricane season start with big insurance coverage problems including deep cuts in capacity and huge premium increases, an insurance broker said.

Has Ed Liddy done a good job as AIG's chair and CEO since the company's federal bailout? That's the new NU Poll question for readers at www.property-casualty.com.

It's time for some tough love to prod the insurance industry into taking steps to improve its perpetually tarnished image, says NU Editor In Chief Sam Friedman in his blog today at www.NUSamSoapBox.com.