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Qisong Miao, director of the research department at BIAD, said in a statement, "Through structural performance studies, we will quantify the relative vulnerability of various classes of engineered bui

At issue is a provision in both House and Senate bills reforming surplus lines regulation that establishes the state regulator of the "principal place of business" of a company as the chief regulator

U.S. property and casualty insurance price declines stabilized last month, averaging the same 12 percent cut as in March, while the softening market continued to impact some lines more heavily than

Congress last week took the first concrete step for renewal of the Terrorism Risk Insurance Act, laying the groundwork through its annual budget resolution process to extend the federal reinsurance

J. Hyatt Brown, chairman and chief executive officer of the firm, speaking during the Daytona Beach, Fla.-based broker's annual shareholders meeting this week, said the current soft market is

Allstate Insurance has targeted California in its latest effort to shed some of its catastrophe exposure following record disaster losses in 2004 and 2005, announcing it will not write new property