Catastrophe modeler AIR Worldwide says it expects between $3 billion and $6 billion in insured losses in the U.S. from Hurricane Irene.

Catastrophe modeler AIR Worldwide says it expects between $3 billion and $6 billion in insured losses in the U.S. from Hurricane Irene.

Confusion and clarifications surround reported initial insured-loss estimates from catastrophe modelers following Hurricane Irene.

Confusion and clarifications surround reported initial insured-loss estimates from catastrophe modelers following Hurricane Irene.

Hurricane Irene, by itself, will not impact pricing in the property and casualty insurance industry, but it will add to a growing list of events that could combine to put some pressure on the market.

Davis Selected Advisers Ltd., the largest shareholder of Transatlantic Holdings Inc., will oppose the company's acquisition by Allied World.

Hurricane Irene is bearing down on the North Carolina coast on its way to affecting some of the most valuable states in the country in terms of insured coastal property.

Hurricane Irene is bearing down on the North Carolina coast on its way to affecting some of the most valuable states in the country in terms of insured coastal property.