Businesses emitting greenhouse gases that cause global warming face imminent liability problems, and they should secure insurance coverage to protect themselves, a legal expert is warning.

Tuesday night's election results will have little impact on the property and casualty community, according to the assessment of one trade group.

The property and casualty market, in part because of asbestos losses, has a heightened risk of moving toward a deficient reserve position going forward, according to Fitch Ratings.

If the 1908 asteroid explosion that hit Siberia were to occur above Manhattan today it would cause a over a trillion dollars in property loss and 3.2 million deaths, a catastrophe modeling firm said.

The chief executive officer of the Property Casualty Insurers Association of America warned his members last week to beware of a "divide and conquer" strategy in Washington when it comes to nailing down regulatory and health care reform.

Florida CFO Alex Sink urged carriers at an industry conference last week to consider entering her state's huge, hurricane-prone homeowners insurance market, pledging to work together with them to craft a less hostile regulatory environment.

C.V. Starr & Company--headed by Maurice Greenberg, the former boss of American International Group--strongly denied that the managing general underwriter is busy looting staff from AIG.

Property and casualty insurers can expect to be hit by a swirl of claims arising from swine flu that include actions against homeowners and businesses, a medical malpractice defense attorney is predicting.