News

Aon Corp.'s plan, announced last week, to purchase London-based reinsurance broker Benfield Group Ltd. for $1.75 billion (?935 million) has drawn mixed evaluations from the three major rating agencies

Although expansion of the market is slowing, Celent reported, there remains potential for expanding the nation's premium per capita figure, which currently is just above $4,000, or 10 percent of the g

New York Governor David A. Paterson has signed a one-year medical malpractice insurance rate freeze into law in a move aimed at giving the state time to develop a longer-term solution for escalating r

Credit Suisse cited AIG's credit default swap portfolio as a problem and said it estimated that AIG Financial Products is "sitting on a $6.5 billion loss vs. our previous estimate of a loss of $2.6 bi

Nuri "weakened before passing almost directly over the city, bringing little more than gusty winds and heavy rain. Damage reports have been restricted to strewn debris, downed trees and, in isolated c

Nuri "weakened before passing almost directly over the city, bringing little more than gusty winds and heavy rain. Damage reports have been restricted to strewn debris, downed trees and, in isolated c