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AIR Worldwide (AIR) announced an enhanced set of capabilities to help insurers, reinsurers, brokers, and risk managers to better assess the catastrophe risk to industrial facilities.

The sinking of the Deepwater Horizon drill rig in the Gulf of Mexico will create a EUR40 million ($52.8 million) loss for German reinsurer Hannover Re, the firm said.

Private companies must prepare to disclose details of their risk management because of their dealings with public firms, executives said.

Sapiens International Corporation, a provider of insurance software solutions, has acquired Harcase Software, a provider of software solutions to the North American insurance industry.

The drilling rig Deepwater Horizon that sank in the Gulf of Mexico last week after an explosion will result in a major loss for Hannover Re, the company announced today.

Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.

A bill opposed by insurers that would have banned credit-based insurance scoring in Wisconsin never made it out of committee before the end of the legislative session.

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