Citing strong current state regulation, the National Association of Mutual Insurance Companies (NAMIC) said in a letter to federal regulators that the insurance company investment

Liberty Mutual Group said net profits more than doubled from a year ago in the 2010 third quarter, and reiterated in a later conference call that it has no plans to take the entire company public.

The historic 2010 midterm elections were a huge win for the property and casualty insurance industry--and their allied reinsurers, according to representatives of several industry trade associations.

Proposed increases of 30 percent or more for certain fees by the New York State Workers' Compensation Board (WCB) could have "unintended negative consequences for the state's no-fault

The fallout from Republican Election Day victories could result in a lot of "noise" about health care reform, but few substantive changes to the existing legislation, industry officials and analysts said.

Property and casualty insurance companies do not pose a systemic risk to the U.S. financial system and should not be subject to federal supervision, the American Insurance Association said in a comment letter to the Financial Stability Oversight Council.

Republican takeover of the House will likely put an end to efforts to curb use of credit scoring as an underwriting tool by property and casualty insurers, according to an industry official.

The chances that the National Flood Insurance Program will be reauthorized for a long period by the next Congress have risen considerably through the Republican takeover of the House, according to industry officials and outside analysts.