The costs of directors and officers liability insurance for financial institutions significantly increased in the fourth quarter of 2007, spurred upward by the subprime mortgage market problems,

Melvyn I. Weiss, the high-profile attorney who with his firm led giant class actions against insurers and other corporations, has agreed to a $10 million fine and a sentence of up to 33 months for

ORLANDO, FLA.--A consumer representative got a positive response from insurance regulators here when he urged them to create a model law requiring insurers to disclose data on the race, sex and income

The draft regulation due for discussion by the National Association of Insurance Commissioners at their meeting Sunday in Orlando, Fla., embodies "a confrontational, destructive approach," said David

Insurance trade groups are seething over plans by regulators to move ahead this weekend with a proposed rule requiring insurers to make assessments of climate change impact on their customers and inve

Asked if the move was to bolster the company financial picture, Katie Monfre, a company spokesperson, repeated the firm's statement that the offerings were sold "to raise capital to expand the volume

The bill sponsored by State Sen. Patricia Wiggins, D-Santa Rosa, has come under fire from the American Insurance Association (AIA), Personal Insurance Federation of California (PIFC) and the Associati

Bermuda-based XL said Mr. McGavick will fill the slot created last October when Mr. O'Hara, CEO for the last 13 years, announced he would step down as CEO by mid-2008. In reaction, a Bank of America