Transatlantic Holdings is to become an independent subsidiary of property and liability insurer Alleghany Corp. under the terms of an agreement valuing Transatlantic at about $3.4 billion.

Leadership in Florida seems committed to shrinking the size of the states exposures to a major hurricane, says Robert Hartwig, president of the Insurance Information Institute.

Leadership in Florida seems committed to shrinking the size of the states exposures to a major hurricane, says Robert Hartwig, president of the Insurance Information Institute.

A survey of employees at independent agencies has revealed that many clients do not understand their fiduciary exposures. Nearly 80 percent of agents say clients tell them they dont feel like there is an exposure.