News

Hank Watkins, a veteran insurance brokerage executive, has been appointed president of Lloyd's North America, responsible for all operations in the United States and Canada.

Insurance agents have won a critical change in the House Energy and Commerce Committee version of health care reform legislation that allows them to remain a crucial part of the distribution system.

William E. Bailey--special counsel to the Insurance Information Institute and host of the syndicated talk radio program, "It's Your Money!"--died on Aug. 21 at the age of 68.

U.S. reinsurers took a beating in their surplus during the first half, seeing a drop of $6.9 billion from last year--down 9.5 percent to $65.9 billion in 2009, according to the Reinsurance Association of America.

California's insurance commissioner said he plans to sue the state over its move to sell $1 billion in assets of the State Compensation Insurance Fund, which is intended to balance the state's budget.

Despite American International Group's recent profitable quarter, Moody's Investors Service said its outlook remains negative and it has doubts about the company's ability to fully repay its government loans.