E&S/Specialty

An effort is underway to attach a long-term National Flood Insurance Program reauthorization and reform legislation to bipartisan drug legislation in the Senate.

Leaders comment on the House's 30-day NFIP extension, force-placed insurance, and more.

Bermuda-based reinsurer Axis Capital Holdings Ltd named XL Insurance finance chief Joseph Henry as its new Chief Financial Officer, filling the post vacated by Albert Benchimol, who has taken over as the company's CEO.

The House has passed a 30-day National Flood Insurance Program extension that would push the programs expiration date back to June 30.

Just in case this weekends NATO summit in Chicago leads to violence and rioting, as has happened in other cities hosting world leaders, at least one insurer is reminding risk managers to prepare for the worst and hope for the best.

U.S. property and casualty insurers saw 2012 first-quarter net income soar by 69 percent as lower catastrophe losses helped drop the industrys combined ratio to 96, compared to 102 a year ago, according to a Moodys Investors Service analysis.