News

In its monthly recap of premium prices for the previous month, Dallas-based MarketScout reported that based on its figures, premium rates dropped 8 percent in December, only one point off from Novembe

Briarcliff Manor, N.Y.-based insurance broker USI Holdings Corp. said it has acquired Woodbury, NY-based insurance broker Sammis, Smith & Brush Inc. Terms were not announced.Sammis ...

Longtime NAIC observer Dave Snyder, an assistant general counsel for the American Insurance Association, said his group supports any effort to reduce costs and streamline NAIC activities, including re

WASHINGTON--Two Florida congressmen opened the new 110th Congress late yesterday by introducing legislation that would establish a federal reinsurance catastrophic fund as a federal backstop for future

AXA has sold Winterthur U.S. Holdings to QBE Insurance Group for $1.16 billion cash, the second acquisition of an insurance company in the United States by the Sydney, Australia-based company in less

The use of credit scoring by insurers has generated tremendous controversy and put the industry on the hot seat. Is it ethical to force an unpopular rating factor on the public--particularly if critic