A Life Settlement is the sale of a life insurance policy to a third party. The emerging life settlement industry has grown rapidly over the last decade and continues to grow. In the past, if the owner of a life ... [full story]

Lightning Claim Costs Continue to Increase, Causing Nearly $1 billion in Insured Losses, I.I.I. Study Finds They say that lightning never strikes in the same place twice, but for insurers it strikes hundreds of thousands of times annually, causing millions of ... [full story]

WASHINGTON (June 24, 2008) – Legislation adopted today by the House Financial Services Committee is key to preventing loss of lives and property during natural catastrophes, according to the National Association of Mutual Insurance Companies (NAMIC). The proposal provides federal ... [full story]

NEW YORK, June 24 /PRNewswire-FirstCall/ -- AIG Investments and Highstar Capital (Highstar) today announced that AIG Highstar Capital II, L.P. (AIG Highstar II) and certain of its investment affiliates have agreed to sell their 50% ownership interest in InterGen N.V. ... [full story]

American Medical Association President Nancy Nielsen last week during her inauguration speech at the annual meeting of the group promised to use "all of the power" of her position and the group "to let the nation know that we must ... [full story]

MIAMI (AP) — Substantially improving the accuracy of hurricane intensity predictions could take years and tens of millions of dollars, the National Hurricane Center's director said Tuesday. In an interview with The Associated Press, Bill Read said reducing by half the ... [full story]