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Their legislation would make it possible for state-sponsored insurance funds to voluntarily pool catastrophic risks with one another and then transfer that pooled risk to private markets through inst

The company said it has teamed up with Metro City Group, owner of a 68-foot multimedia-equipped tractor-trailer, to transport the equipment that lets drivers test their skills in practical behind-the-

Standard & Poor's Ratings Services has raised its counterparty credit and financial strength ratings on Novato, Calif.-based Fireman's Fund Insurance Co. and affiliates to "single-A-plus" from "single

Lightyear Capital LLC, a New York-based private equity firm, announced today that it has established a Bermuda-based holding company sponsoring a Lloyd's syndicate with $270 million in underwriting ca

New York's chief insurance regulator said today he is proposing a regulation requiring property insurers to direct part of the premiums they collect into a catastrophe reserve fund to help pay for nat

U.S. Geological Survey, said RAA, will provide updates to the latest data entered into the catalog and discuss whether the new information is likely to affect cat models, according to the RAA Web site