News

Max Capital Group and Harbor Point Limited, announced that their respective shareholders have voted to merge the two firms in a deal valued at $3.5 billion.

Risk and Insurance Management Society President Terry Fleming urged RIMS members not to agree to pay contingent commissions to insurance brokers.

The Louisiana State Senate has passed a bill banning insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.

Captive insurers tend to be capitalized in excess of the statutory minimums regardless of where they are domiciled, according to a new report from Marsh insurance brokerage.

Allstate Insurance Company reported 2010 first quarter net income of $120 million, compared to a 2009 first quarter net loss of $274 million, despite "near record" catastrophe losses.

Some teens are so busy texting, they must think their cars have autopilots.