The Ohio Supreme Court has determined that caps on damage settlements do not violate the state's Constitution, climaxing a 27-year effort by the state Legislature to write legislation imposing such li

Mr. Ferguson said even if obstacles from state regulation could be removed, issues such as enforceability and constitutional restraints remain because states lack the authority to negotiate foreign tr

WASHINGTON--Lobbying for passage of federal legislation aimed at modernizing the regulation of the surplus lines market along with companion state compacts will be the major focus of excess and surplus

Dutch financial services conglomerate ING said it is selling its reinsurance unit, NRG N.V., to Berkshire Hathaway for approximately 300 million euros--about $433 million at current exchange rates, whi

WASHINGTON--President George W. Bush today signed a seven-year extension of the Terrorism Risk Insurance Act, adding domestic terrorist events to the program but leaving out coverage for attacks using

Citigroup analysts lowered its earnings estimates for insurance brokers to reflect "persistent" weakness in the pricing for property-casualty insurance products, but two brokers with global reach will

Groups representing captive insurers made a concerted appeal to the Internal Revenue Service asking it to withdraw a proposal that would change the way captives deduct losses, saying that the ruling i

President George W. Bush signed a seven-year extension of the Terrorism Risk Insurance Act, adding domestic terrorist events to the program, but leaving out coverage for attacks using weapons of mass