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Net income increased to $1.19 billion from $179 million for the period a year earlier when the company was hurt by record catastrophe losses and charges to expand reserves for asbestos and environment

Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Company said it has acquired Investigative Solutions Inc. (ISI), an Atlanta-based provider of high-level risk management consulting and investig

A federal judge who ruled that a jury could impose punitive damages on State Farm for its mishandling of a Hurricane Katrina claim, has decided that the $2.5 million award should be reduced to $1 mill

WASHINGTON--Reacting to news that the oversight panel of the House Financial Services Committee plans a Feb. 28 hearing to probe insurance industry handling of Hurricane Katrina claims, one industry gr

While analysts queried by the Insurance Information Institute for its annual "Groundhog Day" forecast warn of a softening market for as far as the eye can see, we may very well be witnessing the

He said that in his opinion, the damages the panel assessed were almost 12-times the amount of compensatory damages, and a more appropriate assessment was a sum between four- and five-times the