The U.S. residual property insurance marketplace continued to grow despite the economic downturn, according to a report issued by the Insurance Information Institute.

Facebook is all the rage, so it shouldn't come as much of a shock that the company suffered a security breach earlier this week.

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) said it has made $12.6 million in insurance payments to the governments of Barbados, Saint Lucia, and St. Vincent and the Grenadines, following Hurricane Tomas.

Columbus, Ohio-based insurance broker network Assurex Global said it has added Houlder Insurance Brokers Far East Ltd. of Hong Kong to its exclusive list of partners.