Despite some large payouts to wealthy homeowners stung by Bernard Madoff's Ponzi scheme, it is unlikely that property underwriters will set about revising coverage language for fraud.

One California insurer is using satellite tracking technology to back a policy allowing commercial fleets to better manage safety and cut premium rates by placing dual GPS tracking units in vehicles.

Toronto-based Fairfax Financial Holdings Limited will be paying $1 billion to fully acquire Odyssey Re Holdings at a higher share price than originally announced.

Moody's Investors Service, which had said last week it would not attend a hearing by insurance regulators concerning rating service failings, has changed its mind.

Standard & Poor's Equity Research said it had raised its opinion of American International Group shares to hold from sell, and company shares rose.

Federal and state activity to create rules and laws for the insurance industry has surged this year increasing demands on carrier resources, a consulting firm said.

Federal and state activity to create rules and laws for the insurance industry has surged this year increasing demands on carrier resources, a consulting firm said.

Credit rating agencies, which are set to answer questions before insurance regulators next week, are being investigated by the California Attorney General's Office, it was announced.