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An agreement has been reached to settle workers' claims against the World Trade Center Insurance Company for more than $712 million, a $125 million increase over a settlement nixed by a federal judge in March.

Complex process problems require the right technologies to solve them. To help carriers find the right solution, Hyland Software and Duck Creek Technologies have formed a partnership.

The U.S. government's decision to bail out American International Group poses an "extraordinary risk to taxpayers," according to a new Congressional Oversight Panel report that questions whether the government will ever get all its money back.

Congress Thursday afternoon launched its effort to reconcile different versions of financial services reform legislation, with the goal of putting a final bill on President Barack Obama's desk before Independence Day.

Chubb Insurance Company of Europe SE said it has received approval from the Lloyd's Franchise Board to establish a new syndicate, which will be named Chubb 1882.

Combine complex regulations, competing objectives, and a new political climate with insurers' need to create new and innovative products to stay competitive, and the result is an environment that raises many questions for how risk transfer is assessed.

Lean budgets are now the new reality, according to Rod Travers, and that's the biggest challenge for insurers in today's environment.

How much thought did you give to putting on your shoes and socks today? Chances are, not much.