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A.M. Best Co. has revised the outlook for Selective Insurance Group and its seven property-casualty pooling members to negative from stable, citing weakened operating results and sizeable investment losses and impairment charges at year-end 2008.

Despite a down economy and ratings issues with a number of insurers, The Hanover Insurance Group Property and Casualty Companies has been upgraded by A.M. Best Company.

A.M. Best Co. said it has revised Liberty Mutual Group's outlook to negative from stable for its financial strength and issuer credit ratings due to the group's "sizable deterioration" in overall capitalization.

A.M. Best Co. has downgraded the financial strength ratings and the issuer credit ratings of the key property-casualty insurance subsidiaries of The Hartford Financial Services Group, due to the

An influential group of financial services executives is proposing creation of an omnibus federal financial regulator, whose jurisdiction would include property-casualty and life insurers, as well as

An influential group of financial services executives is proposing creation of an omnibus federal financial regulator with a jurisdiction including life and property-casualty insurers as well as

WASHINGTON--Two members of the House Financial Services Committee will ask the Obama administration's new Treasury secretary to unilaterally create an Office of Insurance Information within that

The comments were made at a hearing before the House Financial Services Committee on how financial regulation should be restructured to reflect the lessons learned from the current meltdown of financi