Gary Osborne, president of the USA Risk Group, says his company is seeing interest in Tennessee from companies based there thanks to a provision in the state’s new captives law that could make a big difference for some companies.
Catastrophes continue to drive down second-quarter results for insurers as both domestic carriers and Bermuda companies report net-income declines and even losses, headlined by Allstate’s $620 million second-quarter loss.
Two ongoing industry legal battles saw recent developments, as an appeals court vacated the convictions of former General Reinsurance Corp. and American International Group executives; and Liberty Mutual Group says it likely will appeal the preliminary approval given to a $450 million settlement between AIG and other companies stemming from...
Industry officials voiced deep concern over the lack of action in the Senate to extend the current version of the National Flood Insurance Program through Dec. 31.
Tropical Storm Emily brushed past Puerto Rico and headed Wednesday toward the Dominican Republic and Haiti, where more than 630,000 people are still without shelter after last year's earthquake.
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Liberty Mutual says it likely will appeal the preliminary approval given to a $450 million settlement American International Group Inc. reached with companies that alleged AIG underreported premiums to a workers’ compensation program.