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Max Capital Group and Harbor Point Limited, announced that their respective shareholders have voted to merge the two firms in a deal valued at $3.5 billion.

A state senator said state agencies are barred by state law from entering into confidentiality agreements regarding the spending of taxpayer money.

AnyDoc Software announced the launch of their new enterprise capture and workflow solution, AnyDocINSURANCE Suite, to solve the document and business processing challenges in the insurance industry.

Risk and Insurance Management Society President Terry Fleming urged RIMS members not to agree to pay contingent commissions to insurance brokers.

The Louisiana State Senate has passed a bill banning insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.

As debate continues on financial services reform legislation in the Senate, insurance industry representatives said they will work to eliminate regulatory provisions they consider too "bank-centric."

Captive insurers tend to be capitalized in excess of the statutory minimums regardless of where they are domiciled, according to a new report from Marsh insurance brokerage.

Allstate Insurance Company reported 2010 first quarter net income of $120 million, compared to a 2009 first quarter net loss of $274 million, despite "near record" catastrophe losses.