Reinsurance demand remains stifled because primary insurers have tighter reinsurance budgets and lower volumes due to reduced economic activity--and this is not expected to change due to catastrophe model revisions, according to Moody's.

Cargo theft in the United States is on the rise, according to FreightWatch International, with food and drinks surpassing electronics as the most popular target of thieves.

A Florida appellate court has upheld a decision by state Insurance Commissioner Kevin McCarty to deny a license to Dallas National Insurance Company for writing workers’ compensation coverage in the Sunshine State.

Florida’s last-resort insurance company said it is not canceling homeowners’ insurance coverage solely because its policyholders' residences may have defective Chinese drywall.

Modelers Risk Management Solutions (RMS), AIR Worldwide and EQECAT have responded to recent comments about their near-term models by Karen Clark, developer of the first hurricane model.

State Farm has filed a federal lawsuit in South Florida alleging that a surgery center, its doctors, a medical manufacturer, and attorneys embarked on an intricate scheme to defraud the insurer out of $13 million.

When push comes to shove, commercial insurers would rather keep business than hold pricing or introduce an increase at renewal.

Maurice “Hank” Greenberg, formerly the chief executive of American International Group Inc. (AIG), could go on trial in May for his alleged role in a sham reinsurance transaction with Gen Re Corp.