News

Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.

Property and casualty insurance industry sources said they believe a revenue-hungry Congress will finally decide to impose higher taxes on offshore-based insurers.

An Oregon senator is proposing an amendment to financial services legislation significantly limiting the Treasury Department's authority to negotiate international insurance trade agreements.

H.W. Kaufman Financial Group, a privately held group that includes wholesale broker Burns & Wilcox, acquired US-Reports, a Colorado-based loss control inspection, premium audit and risk management services firm.

The losses from the Deepwater Horizon Drilling Platform explosion are not expected to significantly impact the insurance marketplace or buying behaviors, a brokerage executive said.

A dozen Bermuda reinsurers that released first-quarter 2010 earnings over the last week were hit hard by $1.4 billion in catastrophe losses, primarily related to the earthquake in Chile.