The 6.5-Mw earthquake that struck off the shore of northern California on Jan. 9, 2010 caused widespread blackouts but only minor structural damages and no major health injuries.

Arthur J. Gallagher & Co. said it has named Scott R. Hudson president and chief executive officer of Gallagher Bassett Services Inc.

Pricing in the soft commercial insurance market won't turn around for another two years, at least, thanks to a variety of factors, the head of Arch Worldwide Insurance Group predicts.

New York Gov. David A. Paterson said he will push to revive the defunct New York Insurance Exchange to help "maintain New York's status as the financial capital of the world."