News

The London-based insurance brokerage firm reported today that its net income in the fourth quarter dropped to $95 million, off by $53 million compared to the same period last year, translating into ea

Gary Kerney, assistant vice president, Property Claim Services for ISO, said that "PCS assigned catastrophe serial number 27 for damage caused by wind, hail, tornadoes and flooding in Alabama, Arkansa

HARTFORD, CONN--A participant involved in what the government says was a sham transaction to inflate American International Group's financial picture wrote an e-mail shown in court today that joked abo

WASHINGTON--Congress could pass a measure this year reforming and modernizing surplus lines and reinsurance industry regulation, but support is lacking for legislating a federal backstop for state cata

The Bermuda-based reinsurer said it is involved with setting up an attraction at Epcot Walt Disney World Resort in Orlando, Fla., aimed at educating the public about bad weather and how to protect hom

Hamilton, Bermuda-based insurer XL Capital Ltd. reported a loss in net income of over $1 billion in line with its previously announced move to write-down charges of $1.5 billion for its holdings in cr