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Insurers suffered sizable Contingent Business Interruption (CBI) losses last year, as catastrophes such as the Japan earthquake and Thai flooding wreaked havoc on supply chains worldwide. CBI losses, in fact, likely accounted for a substantial portion of the massive cat claims in 2011.

In 1967, AIG was very tiny when I became CEO. When I left in 2005, it was the largest insurance company in history.

The contributions of the figures selected as the industrys Top 25 Living Legends to P&C insurance have been epic, monumental, and are sure to be discussed and studied for decades to come. Each profiled visionary has fundamentally changed the way insurance is done, likely forever.

The owners of a Homestead, Fla. nursery have sown the seeds of lengthy prison sentences after executing a con that siphoned a cool million from a federal disaster fund.

The owners of a Homestead, Fla. nursery have sown the seeds of lengthy prison sentences after executing a con that siphoned a cool million from a federal disaster fund.

With abundant capacity available and reinsurers tempered approach to catastrophe modeling, reinsurance renewals are stable despite 2011s monster losses.

Although the 2010 Patient Protection and Affordable Care Act (PPACA) is currently under scrutiny by the U.S. Supreme Court for possibly being unconstitutional, many states are still pressing ahead with setting up insurance exchanges.

With abundant capacity available and reinsurers tempered approach to catastrophe modeling, reinsurance renewals are stable despite 2011s monster losses.