Xiamen, China-based technology provider Longtop Financial Technologies Ltd. (LFT) said it will acquire Sysnet Info-tech Corp., a major provider of information technology to China's insurance industry.
William R. Berkley, chief executive officer of the W.R. Berkley Corp. specialty lines insurance organization, said the market is turning faster than previously expected, but the initial upward rate hikes will likely be lower than past hard markets.
Eight industry trade groups supporting an optional federal insurance charter told key members of Congress in a letter yesterday that financial services regulatory reform should include a dedicated federal insurance regulator.
We've been hearing anecdotal evidence for awhile about how the economy is forcing your customers to cut back on their insurance coverage. Now, an Insurance ...
InsWeb Corp., a provider of insurance marketplace solutions for agents, and Allied Strategy, a comparative rating provider, said they have partnered to integrate InsWeb's AgentInsider Lead Program with Allied Strategy's SEMCAT platform.
Coinciding with the nation's economic downturn there has been a clear increase in the number of questionable insurance claims related to possible fraud, according to a National Insurance Crime Bureau report.
American International Group said today that despite the ongoing investigations by federal authorities, they know of no illegal activity by the company's controversial financial products unit.
The White House nominee to head the agency that runs the National Flood Insurance Program has told Congress he opposes adding windstorm coverage to the protection NFIP offers.
Insurers facing eroding profitability and mounting losses are likely to continue listing charges related to impairments of intangible assets against earnings, a rating firm said today.
With an outbreak of the swine flu gaining steam in the United States and internationally, there are precautions organizations should consider, the Risk and Insurance Management Society said today.