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New earthquake fault lines have been discovered on the West Coast, including in Los Angeles and Spokane, Wash., but it is yet unclear how this may affect home development or insurance rates in the at-risk areas.

A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.

A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.

Superstorm Sandy is now the third costliest storm in U.S. history, the Insurance Information Institute says.

The borrowing authority for the National Flood Insurance Program would be increased 50 percent, to $30.4 billion, as part of a Superstorm Sandy supplemental budget request submitted to Congress by the Obama administration late Friday.

The borrowing authority for the National Flood Insurance Program would be increased 50 percent, to $30.4 billion, as part of a Superstorm Sandy supplemental budget request submitted to Congress by the Obama administration late Friday.

The Obama administration will ask Congress to raise the National Flood Insurance Programs borrowing authority to $25 billion, according to sources.

The Obama administration will ask Congress to raise the National Flood Insurance Programs borrowing authority to $25 billion, according to sources.