News

"The convergence of several negative economic influences has resulted in unprecedented financial pressure on insurance carriers," said Karen Pauli, a research director in the TowerGroup Insurance prac

Emerging market economies saw the volume of non-life insurance premiums increase by 11.6 percent last year, while the Islamic insurance sector grew by 25 percent, according to new research from Swiss

Rates for North Carolina home policyholders with Beach Plan, the state's insurer of last resort, are being jacked up to better the Beach Plan's ability to deal with major loss events, plan officials w

Former American International Group Chairman Maurice Greenberg has asked the current chairman Edward Liddy where a new, multisector, credit default swap financial venture got $35 billion in cash colla

WASHINGTON--The American Insurance Association in a letter sent yesterday to Congress said lawmakers must ensure money being given to companies under federal aid programs doesn't allow them to compete

James Mastowski, Jimcor chief executive officer, said in a statement, "With Jimcor's 20-plus years of placing excess and surplus lines business and Zaloom's broad experience with admitted carriers, we