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Rates charged to homeowners and businesses by the National Flood Insurance Program are based on an outdated computer model that doesn't accurately reflect the risk of loss, according to the

The role of risk managers has never been more important than it is today, and they become heroes in the current economic environment, said Joe Plumeri, chairman and chief executive officer of Willis G

Environmentalists and free market practitioners are seeking common ground in finding ways to minimize risks associated with hurricanes, according to speakers at the Hurricane Science for Safety Leader

The number of independent insurance agencies has stabilized over the past two years, ending a trend of fewer agencies due to mergers and acquisitions, according to a study sponsored by the Independent

The company boosted its yearly profit target for this year from a range of $4.30-to-$4.50 a share to $4.70-to-$4.90 a share, which caused the stock to rise in early trading on the New York Stock Excha

The New York-based insurer made the announcement Wednesday, saying it would eliminate the payments that were recently set at 1 cent per share. Ambac said it made the move "to support the company's goa