The sudden death of Michael Jackson might trigger one of the biggest event cancellation claims in the insurance industry's history, as speculation about coverage for 50 sold-out performances scheduled at London's O2 Arena ran rampant last week.

Despite many factors that should be contributing to a hardening market overall, competition in some coverage lines and geographic regions has heated up, while activity in many other areas remains tepid, keeping price hikes more modest than anticipated.

The chairman of Flagstone Reinsurance Holdings expects the board of IPC Holdings to decide by tomorrow whether it will endorse Flagstone's offer to acquire IPC in a deal valued at $1.8 billion.

The Risk and Insurance Management Society announced the opening of its newest chapter in Northern Nevada.