More than $2 billion in catastrophe-bond maturities are not expected to impact the overall size of the market, as new money coming in should keep the industry growing, a Guy Carpenter report says.

Mayfield Village, Ohio-based auto-insurer Progressive reports net income for the month of April dropped 48 percent as catastrophes and a bond repurchase affected earnings.

Mayfield Village, Ohio-based auto-insurer Progressive reports net income for the month of April dropped 48 percent as catastrophes and a bond repurchase affected earnings.

Firefighters are grappling with rugged terrain in an effort to contain wildfires in Arizona that have consumed close to 13,000 acres.

Tropical Storm Aletta has formed in the early-morning hours of the Pacific storm seasons opening day.

Arthur J. Gallaghers (AJG) chief executive says the new federal health-care law is providing excellent opportunity for the brokerageand other big producersas smaller benefit brokers struggle with the statutes various compliance issues.

CREDITING HIGH retention rates and strong new-business growth, Marsh & McLennan Cos. reports its first-quarter net income grew by 7 percent from the same period last year.

A LONG-SIMMERING dispute among Ryan Specialty, CRC Insurance Services and Crump Group over the poaching of employees has come to end with a settlement.