Relatively low-cost solutions exist to reduce flood damages and associated claims

Insurance agency mergers and acquisitions hit a record high of 451 reported transactions for the U.S. and Canada in 2015, surpassing the previous record of 357 in 2014, according to a recent report from OPTIS Partners.

Munich Re named Andreas Kleiner to lead American Modern Insurance Group, the U.S. unit that is reshaping its business mix after the departure of its previous chief executive officer.