High-net-worth individuals typically insure possessions with a mass market insurer and dont know they are underinsured until it is too late.

High-net-worth individuals typically insure possessions with a mass market insurer and dont know they are underinsured until it is too late.

After a long battle with cancer, John "Jack" Byrne, the man billionaire Warren Buffett dubbed the Babe Ruth of insurance, died at his home in Etna, N.H. on March 7. He was 80 years old.

Catastrophe-risk modeler Risk Management Solutions is preparing the insurance industry for an update to the North Atlantic hurricane model that jolted the perception of possible losses when it was released in 2011.

Catastrophe-risk modeler Risk Management Solutions is preparing the insurance industry for an update to the North Atlantic hurricane model that jolted the perception of possible losses when it was released in 2011.

The New York Department of Financial Services (DFS) says the response times of three insurers after Superstorm Sandy warrant an investigation.

Its no secret that Workers Compensation is a challenging line of business, to say the leastcarrying an annual industry combined ratio well into unprofitable territory (117.2 in 2011the highest in the last decade and the highest among all major insurance lines).

Its no secret that Workers Compensation is a challenging line of business, to say the leastcarrying an annual industry combined ratio well into unprofitable territory (117.2 in 2011the highest in the last decade and the highest among all major insurance lines).