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Plan would have all reinsurers post funds, based on financial strength

Brokers split over staying power of new reinsurance players like Goldman

NEW YORK--Allstate's incoming chief executive told an insurance conference here yesterday that industry competitors should forge a joint approach for natural catastrophes that inflict major losses on c

"If you have an out-of-control company, but with a terrific capital modeling program, I am not sure how good that can be," he said, speaking Friday at the 18th Annual Property Casualty Conference in N

NEW YORK--Former regulator and trade association president Ernst Csiszar told property-casualty insurance executives gathered here today that their industry is a "cheapskate" when it comes to political

Kathleen Blomquist, a Justice Department spokeswoman, said there is an ongoing investigation of "anti-competitive practices in the municipal bond industry." She would not comment further. The SEC does

Chubb Co. has said it will appeal a Texas court ruling requiring it to defend cell phone maker Samsung against several class-action injury suits by consumers, an attorney for the manufacturer said yes

NEW YORK--Insurers to be competitive need to focus on service and underwriting rather than price, the head of the ninth largest U.S. property-casualty insurer told industry counterparts at a meeting he