Itasca, Ill.-based insurance broker Arthur J. Gallagher says it is expanding its excess and surplus-lines business into Louisiana with the acquisition of First Premium Insurance Group Inc.

Longtime insurance veteran Charles L. Ruoff, president of the consulting firm CR Market Strategies Inc., says a recent report from the Consumer Federation of America (CFA) raises some valid points concerning a shrinking marketplace and the need for the industry to take on more risk, such as flood coverage. (Released...

Despite the challenges posed by a year of extraordinary catastrophes, Swiss Re says its 2011 net income increased by more than $1.7 billion thanks in part to a reserve release of $1.3 billion.

The primary goal of the broker is to listen and understand the business objectives and strains that each risk manager faces. That means understanding the business they are in; the factors driving their risk decisions; the resources they have available; and how they are judged by their superiors.

As the baby boomer generation of insurance producers face their golden years, a few have turned their back on activities of leisure and embarked on a different course where they aim to make a difference.

Bond insurer MBIA today reports a fourth-quarter loss of $626 million.

A storm system that tore through the Midwest Tuesday continued its destructive path Wednesday, producing more tornadoes and claiming 12 lives so far.

Faced with the daunting task of improving margins in an economically strained environment, insurers are finding ways to increase efficiency, and many see policy administration as an area where technology can accomplish that goal, according to a recent report.