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Property-catastrophe reinsurance rates in the United States have significantly decreased despite catastrophe losses from the Chile earthquake and storms in Australia during the first half of 2010, according to three reports on July 1 reinsurance renewals.

OneBeacon Insurance Group said it has completed the sale of its traditional personal lines business to Tower Group, Inc.

The Senate, last night, extended the long delayed National Flood Insurance Program, an action that one agent group declared unacceptable due to political wrangling.

The Senate, last night, extended the long delayed National Flood Insurance Program, an action that one agent group declared unacceptable due to political wrangling.

John Gibson has been named chief executive officer of AlphaStaff Group, Inc., one of the nation's largest professional employer organizations. He also will serve as a member of the board of directors.

Torus Group said it has completed its acquisition of Glacier Insurance AG from the Glacier Group.

Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, "Show us the money."

Independent insurance agents are blasting a decision by the U.S. Agriculture Department to impose a crop insurance contract on the industry that includes restrictive caps on agent commissions.