Industry representatives say insurance companies likely will pay out more than $1 billion for property damage sustained during a stormy...
P&C Companies News
California lawmakers are bringing a version of health care reform to your pets. A bill that passed this week in...
Reinsurers have bumped up prices for offshore energy-related insurance premiums by 50 percent following insurance industry losses of up to...
When large deals fail, heads often roll. In the case of Prudential Plc’s failed attempt to buy American International Group...
Property/casualty (P/C) insurers have turned to releasing significant amounts of reserves in the past couple of years, even as the...
UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG’s Asian life insurance arm, ending...
Florida Gov. Charlie Crist has signed into law a bill exempting certain commercial and professional liability insurance rates from state...
Maryland Gov. Martin O’Malley has a new proposal aimed at boosting the amount of venture capital for businesses like bioscience...
A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from’ A+’ (Superior) and issuer credit ratings to...
The National Flood Insurance Program (NFIP), which expired at midnight on May 31, is not expected to be able to...