WASHINGTON (Reuters)—The Atlantic storm season could produce as many as 14 hurricanes this year, the U.S. government's top climate agency predicted Thursday, setting the scene for potentially the most intense season since 2005. Advertisement In its first forecast for ... [full story]

Prudential remained locked in talks on Monday over its purchase of the American International Group’s huge Asian life insurance arm, a deal that could be in jeopardy, said people briefed on the negotiations. The two sides hoped to ... [full story]

A study released this week reveals that insurance chief executives believe that creativity ranks beyond rigor, management discipline, integrity or even vision in a company’s ability to remain competitive and successful. The study, released by IBM, was performed by ... [full story]

May 27 (Bloomberg) -- New York drivers are the least knowledgeable in the nation for a second straight year on rules of the road and neighboring New Jersey motorists are almost as bad, according ... [full story]

VENICE, La. - As hurricane season approaches, the giant oil spill in the Gulf of Mexico is taking weather forecasters into nearly uncharted waters. The Gulf is a superhighway for hurricanes that form or explode over pools of hot ... [full story]

A new survey by Ireland-based Accenture finds insurers shifting their spending priorities to buttress multi-channel distribution and employ mobile technologies. The study, which queried senior executives at 125 life and property/casualty carriers around the globe, estimates that insurers plan ... [full story]

Mergers and acquisitions are expected to rise in the Bermuda insurance market this year due to numerous factors, many observers say. These factors include excess capital, investors' desire to move their cash, the need to diversify geographically and by ... [full story]

(Bloomberg)—Insurance investors are betting the corporate bond rally that bolstered industry stocks can withstand concern that the Greek rescue plan will be insufficient to stabilize debt markets. Prudential Financial Inc., American International Group Inc., MetLife Inc. and Allstate Corp. ... [full story]

NEW YORK—A controversial tax proposal targeting offshore reinsurance transactions has a “reasonably good” chance of being considered by Congress before lawmakers depart for the summer recess, says a key proponent of the effort. William R. Berkley, chairman of W.R. ... [full story]

FT LAUDERDALE, Fla. (Reuters)—The threat of more hurricanes than usual in the Atlantic has risen in the last month, and it promises to be "a hell of a year," a leading U.S. forecaster said Wednesday. William Gray, the hurricane ... [full story]