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Losses from a magnitude 6.3 earthquake that struck Christchurch, New Zealand Feb. 21 (Feb. 22 local time) could total as much as $12 billion, according to one estimate cited in a note to clients from a JP Morgan Chase & Co. analyst.

Some estimates of insured losses due to the second earthquake in Christchurch, New Zealand, in six months put the disaster potentially within the top ten most costly world insurance losses since 1970.

JP Morgan is introducing the Chase Workers Compensation Card, a prepaid debit card delivering workers compensation benefits to injured or disabled workers. They are the first major bank to offer this product. This debit cards gives insurance

Brown & Brown Inc. said it has acquired the property-casualty insurance brokerage business of JPMorgan Insurance Agency Inc., a unit of the New York-based banking service. JP Morgan Chase & Co. Moneta

In a nutshell, that's the dilemma facing the Citizens Property Insurance Corp. It processed and closed 303,735 claims from the 2004 and 2005 hurricane season, but 3,330 remain open. Can you guess

Aon Corp. has named Baljit "Bal" Dail as its global chief information officer. In this role, Mr. Dail will have direct responsibility for all information technology functions across Aon, the Chicago-b

Susan Miller, an Oak Street spokesperson, said the company, in business since 2003, has helped 427 agencies who would rather take a loan out than sell a book of business to raise capital. Borrowing ag

Beginning July 15, The Hartford Financial Services Group will be offering Emergency Claim Cards to its policyholders who sustain losses after a catastrophic event. The debit cards, issued by JP