Ambac Financial Group Inc. reported a 2010 fourth-quarter loss of close to $82 million on the combination of decline in new business and decrease in investment gains.

Ambac Financial Group Inc. reported a 2010 fourth-quarter loss of close to $82 million on the combination of decline in new business and decrease in investment gains.

The Japan earthquake and tsunami revealed a potential flaw in catastrophe modelers’ planning, as modelers pointed to the fact that they did not account for the complete devastation that hit the island nation.

The Japan earthquake and tsunami revealed a potential flaw in catastrophe modelers’ planning, as modelers pointed to the fact that they did not account for the complete devastation that hit the island nation.

Banks fighting the split of MBIA into two companies said they submitted affidavits from four former New York insurance superintendents stating that the department violated its duty by allowing the insurer to make the move.

Merger and acquisition activity for property and casualty insurers, agents and brokers heated up in 2010, as insurers sought to improve their strategic standing within the industry, according to a report from Conning Research & Consulting.

The private insurance market is likely not heavily exposed to damage at nuclear reactors in Japan resulting from the 9.0 magnitude earthquake and subsequent tsunami.

Rep. Heath Shuler, D-N.C., will address the Annual Young Agents & InsurPac State Chairpersons Legislative Luncheon at the Independent Insurance Agents & Brokers of America Legislative Conference & Convention.