The measure, which passed by unanimous vote in the Democrat-controlled House and had only one vote against it in the Republican-controlled Senate, is expected to secure the signature of Republican Gov

Florida has offered primary insurers below-cost reinsurance and mandated that they reduce rates to reflect this. Insurers say if there is a major catastrophe, taxpayers will be stuck because the progr

The chairman of Lloyd's, Lord Peter Levene, told a crowd of dignitaries--including the Shanghai vice mayor--during the April 16 opening day ceremony that "we greatly appreciate the opportunity to

Hill Rogal & Hobbs reported the brokerage saw a slight decline in net income for the first quarter.The Glen Allen, Va.-based company reported first-quarter net ...

"Similar to trends we have seen in other brokers this quarter, organic growth decelerated to 1 percent, down from 4 percent in the fourth quarter of last year and 5 percent in the third quarter," he w

Bear Stearns analyst David Small noted that the earnings per share passed his estimate of $2.25 and the consensus of $2.13. He said the main driver of the upside was higher income from investment and

"While others are struggling to maintain expense ratios in this declining rate environment, ACE was actually able to lower its overall expense ratio by 120 basis points on a year-over-year basis," Mr.

Commercial lines, representing 45 percent of business, could be a drag as premiums declined 1.4 percent and profitability was lower than expected due to higher than expected catastrophe losses and low