News

The National Oceanic & Atmospheric Administration released its outlook for the Atlantic and Central Pacific Hurricane season, saying it predicts the Atlantic will witness a very active hurricane seaso

The Property Casualty Insurers Association of America filed suit today in the Seventh Judicial Circuit Court of Illinois, challenging the constitutionality of the transfer of money designated to fight

Spokesmen for Allstate and St. Paul's, however, said such market conduct examinations are common following events of Katrina's magnitude and expressed pride at their claims handlers' accomplishments u

On Friday, the Chicago-based insurance broker said it is pricing the sale of its common stock at $26.25 per share. The firm said the net proceeds--after underwriters' discount and commissions, but befo

Morgan Stanley property-casualty analyst William Wilt wrote that the release of the "widely telegraphed" U.S. wind model by Risk Management Solutions will increase loss estimates of personal insurers

Coryn F. Thalmann, chief executive officer of Jimcor, said the division, named Jimcor Select Risk, will handle the large and more complex risks the firm continues to see, requiring exclusive brokerage