The following is a statement for attribution to Vernon F. Betkey Jr., chairman of the Governors Highway Safety Association: The Insurance Institute for Highway Safety released May 7 a new analysis of teen driving laws and their effectiveness at reducing crashes. ... [full story]

NEW YORK (Reuters) - As hurricane season kicks off and the economic recession continues to take a toll on economies worldwide, reinsurers must make sure they are sitting on a bigger capital cushion, said executives at an insurance conference on ... [full story]

MIAMI — The Colorado State University forecast team reduced its 2009 Atlantic hurricane season forecast Tuesday to 11 tropical storms, of which five will become hurricanes. In its April forecast, the noted CSU team founded by forecasting pioneer Bill Gray, said ... [full story]

Reinsurance Association of America members in the first quarter saw net premiums written increase nearly 3 percent compared with same period in 2008. However, profitability is another story, as 10 of the 19 members of the reporting group saw net income ... [full story]