Total average cost of economic crime losses for insurance businesses over two years is $5.5 million, while average direct losses were $4.47 million, according to the annual "Global Economic Crime Surv

However, Ms. Saith said it was too early to tell whether there would be a repeat of four years ago--when insured loss hit $1.1 billion after 4,847 structures were burned by the worst fires ever to hit

Mr. Flores sued contending his exposure came from brake pads manufactured by Borg-Warner between 1972 and 1975 that he used five to seven times per week. Borg-Warner is now known as Burns

Florida authorities said last week that Allstate is the latest insurer to be subpoenaed for information and testimony about homeowners' rates in an ongoing investigation that is examining possible

New York Insurance Superintendent Eric Dinallo believes his new proposed rule on collateral requirements--his second bold regulatory initiative in a month--is good for regulators and the insurance ind

The chief executive of Los Angeles-based health care liability insurer SCPIE Holdings Inc. has been accused by an investor in the company of making "false and misleading statements" about the firm's u

The chief executive of Los Angeles-based health care liability insurer SCPIE Holdings Inc. has been accused by an investor in the company of making "false and misleading statements" about the firm's u

He added that there were a number of legal options he was considering, but he did not want "to tip my hand" to insurers. He said Judge Beer dismissed the case on procedural grounds and didn't rule on