The new product offers low-mileage drivers a way to reduce their auto premiums by lowering the technology barriers impeding the introduction of "PAYD"--or "pay as you drive"--in world auto insurance

Despite consumer group criticism of a "revolving door" between state insurance departments and the industry being regulated, Alabama Gov. Bob Riley tapped another former insurance company executive

An organization that fights construction equipment theft warned today that equipment owners, dealers and rental companies in the Gulf region should take steps to make their machines secure because thi

The plaintiffs--Thomas C. and Pamela McIntosh--had sued for bad faith and sought punitive damages. On Monday, U.S. District Court Judge L.T. Senter approved their application to dismiss those claims

According to Mr. McCarty's statement, the company must issue credits or refunds totaling the $120 million to present or former policyholders who did not apply for, or who did not receive the

A spokesman for the Connecticut U.S. Attorney's Office said today that the government seeks "substantial" prison time, but not a life term for the former chief executive office of General Reinsurance

State Farm must pay $120 million to 98,000 policyholders after failing to give them a required discount for storm-proofing their homes, Florida Insurance Commissioner Kevin McCarty announced yesterday

A spokesman for Maurice Greenberg, American International Group's former chairman, said there would be no comment on a report his attorneys were in settlement talks concerning civil fraud charges by N