News

World insurance premium volume fell for the first time since 1980 by 2 percent after years of expansion, according to a report released by Swiss Re.

A proposal by Gov. Schwarzenegger to downgrade various crimes from felony to misdemeanor status could not only hinder fraud-fighting efforts but could also compromise public safety. Four national anti-fraud groups urge the state to reconsider.

The $3.5 billion stock merger deal announced yesterday between consulting giants Towers, Perrin, Forster & Crosby Inc. and Watson Wyatt Worldwide Inc. was followed by a drop in Watson Wyatt stock price today.

PMSI, a specialty products and services provider for the workers' compensation market, announced the appointment today of Paul DiFrancesco as president of its Medical Services and Equipment division.

Zurich in North America has released a free video to help risk managers prepare a business for a major storm less than two days away from impacting them.

The property and casualty industry posted a $1.3 billion first-quarter loss--the worst results it has recorded in more than 20 years, the Insurance Services Office said.