News

A federal court ruling holding the Army Corps of Engineers liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the property and casualty industry.

Despite its reputation for risk aversion, insurance organizations are engaging in more technology innovation than the industry is given credit for, a report from the consulting firm Celent said.

The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their inhabitants.

With the end of the hurricane season arriving today, Swiss Re released its initial estimate for losses during 2009, estimating that catastrophe losses plunged 52 percent, thanks to a very mild hurricane season.

Nineteen U. S. property-casualty reinsurers wrote $18.7 billion of net premiums during the nine-months ended Sept. 30, 2009, compared to $19 billion for the same period in 2008, down less than 2 percent, according to the RAA.

Starr International Insurance Asia Ltd. said it has received authorization from the Office of the Insurance Commissioner (Insurance Authority) in Hong Kong to provide several classes of general insurance products in or from the Hong Kong region.