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Mr. Lehrer said in his paper that such sales would reduce the government's role in insuring against flood losses. He wrote that at the same time such action would "deprive the government of a revenue

The 6.1 percent decrease in premiums for property insurance essentially repeated first-quarter price decreases for renewals, even though forecasters now predict a severe hurricane, Advisen officials s

LAS VEGAS--Whether federal authorities' failure to foresee and head off the subprime mortgage crisis is evidence Washington should not be trusted with insurance oversight was a focus of contention here

During an investor's conference call Michael H. Lee, chairman and chief executive officer of both Tower and CastlePoint, said the deal will increase shareholder value and create efficiencies. Both man

Bermuda-based Axis Capital Holdings Limited reported an 8 percent dip in second-quarter net income compared to the same period in 2007. The company attributed results to increases in market competitio

Bermuda-based Axis Capital Holdings Limited reported an 8 percent dip in second-quarter net income compared to the same period in 2007. The company attributed results to increases in market competitio