Karen Clark & Co. has issued its third annual report on the performance of three near-term catastrophe models, which concludes that they have "significantly overestimated" losses during the five-year period.

For the fourth straight year the number of pirate attacks against ships has risen, with hijackings off the coast of Somalia accounting for 92 percent of all ship seizures, according to the International Maritime Bureau (IMB).

The Florida Office of Insurance Regulation said it has approved Southern Oak Insurance Company to take out 14,000 policies from the state's last-resort insurer.

It's such a gloomy day outside our offices in Hoboken today that I thought I'd lift some spirits with a set of light-hearted predictions for 2011.

It's such a gloomy day outside our offices in Hoboken today that I thought I'd lift some spirits with a set of light-hearted predictions for 2011.

Once ignored in favor of moves perceived to spur growth, risk managers are being counted on more now to assist companies following the financial crisis.

Tort costs dipped 2.7 percent in 2009, but the level is expected to grow over the next two years as the gross domestic product grows.

American International Group said it expected to close on its recapitalization plan last Friday, Jan. 14, and that it will issue about 75 million warrants to shareholders later this week.