A consortium of underwriters insured the Asiana Airlines Boeing 777 that crashed Saturday in San Francisco for $2.3 billion, with 10 Korean insurers sharing about 4 percent of the potential loss, says Koreas Financial Supervisory Service.

Tropical Storm Chantal, the third named storm of the Atlantic Hurricane Season, has emerged off the coast of South America.

MarketScout says overall commercial and personal P&C rates remained steady but personal lines could see some competition in the high-net-worth space.

The private equity firm Kohlberg & Co. L.L.C. entered the mergers and acquisition picture last week by acquiring a majority of the stock of Risk Strategies Co., a national insurance and risk management brokerage firm.

Delaware Gov. Jack Markell has signed workers' compensation legislation placing tighter controls on medical costs, improving the states workplace safety program and encouraging injured individuals to return to work.

Delaware Gov. Jack Markell has signed workers' compensation legislation placing tighter controls on medical costs, improving the states workplace safety program and encouraging injured individuals to return to work.

Willis North America has a new CEO, Todd Jones, and its former CEO, Vic Krauze, will retain his position as chairman, says Willis Group Holdings plc.

A.M. Best Co. says it does not expect a significant number of rating actions, while Moodys Rating Service says the event is credit negative for insurers.