Allstate Insurance Company has agreed to settle a government age discrimination suit by paying $4.5 million to 90 older agents impacted by a company reorganization, it was announced.

U.S. District Court Judge Stanwood R. Duval Jr. in New Orleans has given approval to settlement of class-action lawsuits against several Louisiana levee boards for damage from Hurricanes Katrina and Rita.

Richard Napier, the star government witness in the American International Group accounting fraud case, was sentenced to two years of federal probation and fined $10,000.

Allstate Insurance Company has agreed to settle a government age discrimination suit by paying $4.5 million to 90 older agents impacted by a company reorganization, it was announced

The trend in jury awards and medical costs for dog bites is a mean tale for carriers, according to the Insurance Information Institute, noting that homeowners insurance liability claims for such injuries are up 28 percent since 2003.

An International Accounting Standards Board proposal on how insurers should value their risks has drawn fire from an organization of major life and property & casualty insurance and reinsurance companies.

New York's new Insurance Superintendent James J. Wrynn announced that medical malpractice, bond insurers and the life settlement industry will be "must" items for his department.

Eight years after the terrorist attacks of 9/11 caused untold human tragedy and shocked the underwriting world, insurers are seeing a much calmer environment, an industry expert said.