The largest of the California wildfires, known as the "Station Fire," has burnt more than 140,000 acres, destroyed 62 "dwellings," and is 22 percent contained, said the Insurance Information Network of California.

After doubling in size on Monday, the "Station Fire" in California threatens homes and commercial properties, with a total insured value of more than $17 billion, modeling agencies AIR Worldwide and RMS have reported.

While insurance companies have made technology investments to strengthen relationships with agents, they have not invested in systems to help their underwriters achieve high performance, a recent Accenture report said.

While the demand for training and education for risk managers has not waned despite the struggling economy, many are increasingly turning to online courses as a way to save money while still expanding their expertise.

New York Governor David Paterson has signed legislation extending the state's freeze on medical malpractice insurance rates for another year.

While insurers have made technology investments to strengthen relationships with agents, they have not invested in systems to help their underwriters achieve high performance, a recent Accenture report said.

The National Association of Insurance Commissioners has discussed a proposal that would establish a commission, put together by the states and authorized by federal law, to facilitate regulatory uniformity.

Health insurance coverage should be required for all, similar to the way most states require auto insurance, the National Association of Insurance Commissioners said.