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Tokio Marine Holdings said it will acquire Philadelphia Consolidated Holding Corp. for $4.7 billion, topping the deal value of the Japanese insurer's last mega-deal, the acquisition of Kiln Ltd. for

The proceedings have been held jointly by the New York State Insurance Department and the New York Attorney General's Office. The first was held on July 14 in Buffalo, the second on July 23 in Albany,

Munich Re said in a statement that because of capital market turmoil--steep falls in share and bond prices--it expects its profit to be below an expected range of EUR3 billion to EUR3.4 billion ($4.71 billi

New York Governor David Paterson has signed into law a bill that prevents insurers from denying claims for injury or property damage based on late notice by the claimant unless the insurer can show th

The second panel will include representatives of the Council of Insurance Agents and Brokers, the National Association of Professional Surplus Lines Offices, Ltd., the Independent Insurance Agents and

The second panel will include representatives of the Council of Insurance Agents and Brokers, the National Association of Professional Surplus Lines Offices, Ltd., the Independent Insurance Agents and