News

Industry professionals who are currently out of work are by no means out of luck. The American Institute for CPCU and Insurance Institute of America (the Institutes) offers designation programs at half the cost.

Xiamen, China-based technology provider Longtop Financial Technologies Ltd. (LFT) said it will acquire Sysnet Info-tech Corp., a major provider of information technology to China's insurance industry.

Eight industry trade groups supporting an optional federal insurance charter told key members of Congress in a letter yesterday that financial services regulatory reform should include a dedicated federal insurance regulator.

Policyholders of Citizens Insurance Corp., the underreserved state-sponsored insurer of last resort, could see their rates rise by up to 5 percent under legislation passed yesterday by the Florida Senate.

XL Capital reported first-quarter net income of $3.1 million, with favorable prior-year development contributing to the upside and investment losses continuing to drag the figure to a minimal level.

As the United States recorded its first swine flu death, insurance brokerages were offering recommendations on moves businesses and other organizations should make, and one firm said actions now are "critical" to deal with the epidemic.