A group of policyholders sued Ambac Financial Group to prevent the corporation from taking funds from Ambac Assurance Corp. while it is in runoff.

A change in how companies account for their deferred acquisition costs will probably have a greater impact on life and health insurers than property and casualty carriers and will not affect companies' bottom lines, a new report said.

The failure of Congress to approve long-term renewal of a revamped National Flood Insurance Program could jeopardize the participation of private carriers.

Protesters who say insurance company lobbyists are working to undermine state efforts to implement the federal health care reform law interrupted the summer meeting here of the National Association of Insurance Commissioners.

Comments made during the National Association of Insurance Commissioners meeting produced two sharply differing views among state regulators over the future benefit of health care reform to consumers.

AXIS Capital Holdings Ltd. said David Greenfield, its chief financial officer, will resign.

The government's numbers revising economic growth downward were not something insurers wanted to hear--nor were indications from analysts that the property and casualty market will not see a reversal in pricing or earnings anytime soon.

A U.S. Appeals Court vacated a $34.4 million judgment against American International Group filed by AXA, citing the French company's failure to file the suit in time under the statute of limitations.