The odds are in favor of renewal for the Terrorism Risk Insurance Act, but do not expect expansion of the program says William R. Berkley, chairman and CEO of W.R. Berkley Crop.

The influx of alternative capital from the investment community is keeping reinsurance prices low with plenty of capacity available heading into the Atlantic Hurricane season, says reinsurance broker Guy Carpenter.

Superstorm Sandy is profoundly reshaping the approach New York City officials and business executives are taking to storm risk, and they devoted a day in downtown Manhattan on the eve of the Atlantic hurricane season to discuss plans to deal with that exposure in the future.

Superstorm Sandy is profoundly reshaping the approach New York City officials and business executives are taking to storm risk, and they devoted a day in downtown Manhattan on the eve of the Atlantic hurricane season to discuss plans to deal with that exposure in the future.

Lockton Companies has joined other major insurance brokers responding to changes brought on by the Patient Protection and Affordable Care Act by adding a private insurance exchange to its employee benefits division.

The largest brokerage acquisition so far this year does not signal a change in merger and acquisition strategy for insurance broker Brown & Brown, says its CEO, but an industry consultant says it could set the tone for future private equity firm deals.

Wells Fargo overtook Citigroup Inc. in 2012 to lead all banks in insurance brokerage fee income, according to a recent report, but overall insurance brokerage fee income for banks dropped 20 percent for the year.

New Yorks insurance regulator has sent letters to 31 of the states largest insurance companies to find out the steps they are taking to keep data safe from cyber threats.