The New Year did not begin well for residents of Arkansas, Missouri and Mississippi, who spent the first day of 2011 digging through their belongings after several deadly tornadoes touched down on the last day of 2010.

The parent company of Steak n Shake restaurants has its sights set once again on Fremont Michigan InsuraCorp.

Two groups of forecasters are predicting another busy hurricane season this year after coming off nearly spot-on predictions for a very active 2010 season.

While its chief executive declared that it can "see the finish line," American International Group Inc. proved it can raise money from private investors by signing $4.3 billion in private-sector loan agreements.

Local reinsurers are expected to benefit from new regulations in Brazil that require local insurance companies to cede 40 percent of reinsured risk to local reinsurers, according to Moody's Credit Outlook.

More than two years after Hurricane Ike made landfall at Galveston, Texas, insurers continue to receive claims from the storm, according to the Insurance Council of Texas.

A recent report by Celent called “What Insurance Customers Really Think: An IT Service Provider Report Card” explores customer feedback about satisfaction and the types of services being outsourced. Overall, insurers seem to be positive about their existing relationships.

Allstate Insurance Company said it has added another lawsuit to its list in an attempt to recoup claims it paid to allegedly fraudulent medical professionals.