The latest New Zealand earthquake is “absolutely not” the type of event to harden the reinsurance market, said the global head of business intelligence for Guy Carpenter.

In many respects, subrogation can be one of the most challenging aspects of the end-to-end claims process. Perhaps nowhere is this more evident than in the pursuit of complex recoveries, such as those associated with bailment.

The Main Street America Group of Jacksonville, Fla., announces surplus growth of $78 million in fiscal year 2010.

The 21-year-old grandson of a former mayor is alleged to have covered up driving his pickup truck into a concrete power pole at a used car dealership.