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The Scruggs Katrina Group filed a federal lawsuit in Mississippi today accusing State Farm, an engineering firm and an adjusting concern of a racketeering conspiracy it alleges had defrauded a group o

WASHINGTON--Sarbanes-Oxley regulations have caused companies to take a more risk-averse track, focusing on building their cash reserves rather than developing new products, according to a professor at

WASHINGTON--The president of the American Insurance Association plans to urge Congress Thursday "to act as quickly as possible" on legislation extending the Terrorism Risk Act so that the new program i

Thomas Holzheu, economist for the Zurich-based company, said that while rate adequacy along with terms and conditions are still good in most segments, the growing capital strength of the industry coul

A New York federal judge has hit Zurich American and its two law firms with a $1.25 million penalty for keeping evidence "buried in a box" for almost two years in an attempt to limit World Trade Cente

Benfield also found that despite a generally softening market, underwriting discipline and increased client retentions slowed top-line growth. At $17.3 billion, total premium written was 1 percent low