The Consumer Product Safety Commission defended a study it commissioned on Chinese drywall after a chemical trade group criticized one of its findings related to the presence of formaldehyde.

Max Capital Group Ltd. said it has promoted Executive Vice President David Kalainoff to the post of president of reinsurance operations for Bermuda and Ireland

The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their inhabitants.

A federal court ruling holding the Army Corps of Engineers, and the U.S. government by extension, liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the P&C industry.