Federal agencies are advising homeowners that "problem drywall," which has sparked thousands of claims, should be replaced along with other components the drywall may have corroded.

State legislators and insurance regulators have agreed to work together to find state-based solutions to modernize certain areas of insurance oversight, rather than seek a federal solution.

The National Association of Insurance Commissioners, in a dramatic about face, voted last week to let carriers file their climate risk disclosure survey responses on a voluntary, confidential basis.

Federal agencies are advising homeowners that "problem drywall," which has sparked thousands of claims, should be replaced along with other components the drywall may have corroded.

A New York State Senate Insurance Committee staff member said the Senate may consider no-fault fraud legislation this session after the State Insurance Fraud Bureau reported a 9 percent increase in no-fault auto system fraud in 2009.

Farmers Insurance Group of Companies said it will partner with the American Red Cross to help train company workers as emergency volunteers who can assist during disasters.

Insurance fraud in New York's no-fault auto system increased almost 9 percent between 2008 and 2009, according to a New York State Insurance Fraud Bureau report.

The earthquake in Haiti was weaker than the Chilean earthquake, but that country suffered greater damage and higher casualties because of its lack of building codes and preparedness plans, an insurance regulator said.