The benchmark rate for workers compensation won't increase anytime soon after California Insurance Commissioner Steve Poizner refused to increase the rate for a third time.

The U.S. residual property insurance marketplace continued to grow despite the economic downturn, according to a report issued by the Insurance Information Institute.

One of the world's top insurance brokers said commercial insurance soft market conditions are expected to continue through to the end of the year.

The personal lines insurance industry is in good financial shape despite the economic challenges companies have faced recently, but some consolidation is expected in the future among the smaller players, according to a report from Moody's.

Five executives convicted of producing a sham insurance contract deal between General Re Corp. and American International Group argued in the U.S. Court of Appeals that a district court committed multiple procedural missteps during their 2008 trial.

Progressive Corp. reported net income for the month of October dropped 28 percent as its combined ratio increased 4.3 points.

The decline in reserve releases could indicate that the property and casualty market is set for a turn in the cycle that could come as soon as 2012, according to a financial analyst's report.

The decline in reserve releases could indicate that the property and casualty market is set for a turn in the cycle that could come as soon as 2012, according to a financial analyst's report.