"We are bound to enforce the unambiguous terms of their insurance contracts as written," Judge Carolyn King wrote for a three-judge panel for the U.S. Court of Appeal for the 5th Circuit in New Orlean

The legislation, "The Commission on Natural Catastrophe Risk Management and Insurance Act of 2007," creates a 16-member panel, to be appointed by the congressional leadership, to study various

A 5th U.S. Circuit Court of Appeals panel in New Orleans has ruled that standard insurance policy exclusions for water and flood damage prevent Hurricane Katrina victims from recovering damages from

WASHINGTON--Legislation creating a commission to determine whether the private insurance market has the resources to deal with catastrophic natural disasters breezed through the Senate Banking Committe

WASHINGTON--The House narrowly passed legislation Tuesday that detractors say would go well beyond reversing a May Supreme Court decision severely limiting the time span employees have to file wage dis

FTC said in a report that credit scoring is an "effective predictor" of risk for rating auto insurance customers. The study's findings have been criticized by two commission members as flawed and

WASHINGTON--One of the five Federal Trade Commission members has filed a dissent from the agency's study of insurance industry credit scoring use, which concluded it is an "effective predictor" of risk

Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., introduced the bill. They said they had won a commitment from the Democratic leadership of the House Financial Services Committee to hold hearin