The 15th named storm of the 2010 Atlantic hurricane season has formed, but it is not expected to pose a threat to the United States or the Caribbean.

Allstate Corp. has filed a lawsuit against Toyota Motor Corp. seeking compensation for the more than $3 million the insurer paid on accident claims related to the auto manufacturer's allegedly faulty accelerator pedals and other defects.

Willis Group Holdings said it is opening a captive insurance facility in Malta to provide coverage for entities in the European Economic Area.

Allstate Corp. has filed a subrogation lawsuit against Toyota Motor Corp. which seeks compensation for the more than $3 million the insurer said it paid out on accident claims.

Allstate Corp. has filed a subrogation lawsuit against Toyota Motor Corp. which seeks compensation for the more than $3 million the insurer said it paid out on accident claims related to

Liberty Mutual Group said it is delaying its initial public offering of stock in Liberty Mutual Agency Corp. because the company believes it won't get the right price for the business.

Homeowners insurance controversies have made headlines in Florida, Mississippi and New York of late, as insurers and regulators struggle to maintain a viable catastrophe coverage market, and in some cases butt heads over rates and exposure.

American International Group has struck a deal in principle with federal officials "designed to repay all its obligations to American taxpayers"