News

Aon brokerage said it plans to acquire Valley Oak Systems of San Ramon, Calif., a software developer for claims management, and combine it with the company's risk management operation. Financial terms

How long will carriers be able to hold out as prices begin sliding down the softening market's slippery slope? That's the question posed by NU Editor In Chief Sam Friedman. Go to Sam's blog at www.pro

Many risk managers are doing their best Alfred E. Neuman impersonation, seemingly echoing the classic catch phrase of "Mad" magazine's cartoon icon--"What, Me Worry?"--with their apparent lack of conc

In today's blog entry, NU Editor In Chief Sam Friedman responds to complaints that his commentary about how the industry came across in a recent Congressional hearing on Hurricane Katrina claims was o

Regarding the fact that this year resulted in the third-lowest level of insurers' losses in the last 20 years, after 1997 and 1988, Swiss Re attributed this mainly to the "quiet" hurricane season in t

Judge Edward D. Rubin with the 15th Judicial District Court in Lafayette, La. made his ruling Monday in a case which pitted a Vermillion Parish couple, Mark and Barbara Landry, against the state's ins

Because the region is not used to catastrophe situations, the association has been inundated with questions from the media and consumers about their coverage, he said. Many, unhappily, are discovering

Chubb said it has begun to offer its admitted excess flood insurance product in 15 jurisdictions, including California, Connecticut, Illinois, Florida, Maryland, Massachusetts, New Jersey, New York an