California has launched enforcement action against two units of Zurich American Insurance Company related to alleged use of a workers compensation insurance agreement known as a large deductible agreement without obtaining prior approval.

California has launched enforcement action against two units of Zurich American Insurance Company related to alleged use of a workers compensation insurance agreement known as a large deductible agreement without obtaining prior approval.

A senior member of the House Financial Services Committee is asking the National Association of Insurance Commissioners to explain the legal reasoning behind its decision to describe itself as a standard-setting organization rather than a trade group.

Officials of the American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) are describing as significant the outcome of China-U.S. trade-related insurance talks.

Chartis companies have been able to retain 90 percent of their customers despite the economic turmoil American International Group has endured since 2008, AIG CEO Robert Benmosche said at a mid-February investment conference in Manhattan.

Trade groups that represent surety insurers are calling the failure of a Pennsylvania-based surety insurer highly unusual, and maintaining that the industry remains reliable and strong.

Trade groups that represent surety insurers are calling the failure of a Pennsylvania-based surety insurer highly unusual, and maintaining that the industry remains reliable and strong.

Legislation that would provide subsidized premiums under the National Flood Insurance Program for farmers whose properties are at-risk due to aging and substandard levee structures is being criticized by experts at the Heartland Institute, a think tank.