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Insurers Generali and Zurich will invest in a Spanish bank set up by the government to manage toxic property assets, three sources familiar with the situation said.

Aspen Insurance Holdings chief executive says the insurer is reducing its earthquake and wind exposure in the U.S. property insurance market due to the volatility of catastrophe risks.

Gerald Sandusky and State Farm finally settle a lawsuit involving the convicted child abuser's homeowners' policy.

Convicted child abuser Gerald Sandusky and his homeowners insurer, State Farm, settled on a lawsuit brought by the insurer to have a judge declare the company has no obligation to defend the former Penn State University assistant football coach.

Toyota Motor Corp eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company's growing sales.

Toyota Motor Corp eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company's growing sales.

Aspen Insurance Holdings says James Few is the new chief executive officer of Aspen Re, effective immediately.

Moral: Review your carrier contracts.