News

East Japan Railway Company has secured $260 million in earthquake coverage through a securitization bond placed by Munich Re utilizing Aon Corp.'s investment banking group Aon Capital Markets, the two

The Allstate Corporation reported a 15.5 percent drop in third-quarter net income last night, attributing the decline to higher catastrophe losses and a lack of favorable loss development that boosted

Wells Fargo Third Party Administrators Inc., a subsidiary of San Francisco-based Wells Fargo & Company, said it has acquired JSL Administrators, a subsidiary of J. Smith Lanier & Co. The purchase cost

New York Insurance Superintendent Eric Dinallo, breaking away from other states' regulators, said today he planned to do away with collateral requirements for foreign reinsurers with good financial r

The National Association of Professional Insurance Agents' new president said he believes the most pressing issue facing the insurance industry and its customers today is finding a solution to catastr

The National Association of Professional Insurance Agents' new president said he believes the most pressing issue facing the insurance industry and its customers today is finding a solution to catastr