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Verisk Analytics, Inc., announced the launch of the Verisk Catastrophe Index, a new service providing loss estimates of insured property damage after catastrophes.

President Barack Obama signed financial services reform into law last week, setting in motion an intense effort by interested parties to shape the regulations and government bodies that will implement the legislation to their liking.

The House passed a five-year extension of the National Flood Insurance Program, but a concurrent causation amendment is prompting fierce industry opposition, and it is unclear whether the Senate will even take up the measure this year.

In collecting, there is a passion, a sense of pride, and oftentimes a story that transcends the material structure of a particular item or group of possessions.

In 2009, the property and casualty insurance industry recovered from a devastating global financial crisis that had drained 12 percent from policyholder surplus and nearly erased the net income recorded the year before.

One of the most famous quotes of baseball legend Yogi Berra was his adage: "It ain't over till it's over."

Mutual insurers have a highly successful history in the United States and enjoy a loyal following among their clients, who like the personal service and value they are able to provide.

After several years of doing without contingent commissions, insurance broker Aon said it plans to begin accepting bonus compensation from carriers once again.