Hanging over the collective heads of Americans trying to recover from the recession are a handful of threats, each with the potential to block the road to prosperity, a military expert here said.

In describing the midterm election, just several days away, political analyst Charlie Cook spoke in terms the insurance industry could understand: Democrats are "enormously overexposed."

The Property Casualty Insurers Association of America (PCI) said its Board of Governors elected Robert A. DiMuccio as PCI's new chairman.

Modeler EQECAT said Typhoon Megi is expected to cause $500 million to $1 billion in economic damages in China after having causing extensive damage and 27 deaths earlier in the week in the Philippines.

Homeowners in four states are eligible to get relief from a contaminated drywall dilemma that has allegedly caused them to get sick and caused damage to the homes' infrastructures.

A recent publication from risk management and insurance intermediary Willis Group Holdings said securities class action filings in the United States between 2007 and 2009 were about 60 percent higher than in 2006.

Oklahoma Insurance Commissioner Kim Holland is seeking to get back about $102 million from all those involved in the acquisition of a now-insolvent insurance company.

The Chubb Corporation reported a slight drop in third-quarter net income while recording higher pre-tax catastrophe losses and lower net realized investment gains.