The sudden death of the "King of Pop," Michael Jackson, leaves behind some uncertainty in the insurance world regarding coverage for his scheduled 50 live performances at London's O2 Arena.

President Barack Obama's financial regulatory reform plan could leave creditors, with subordinate claims against failing insurance holding companies, stuck with underperforming assets, a Moody's report said.

ASARCO, an Arizona-based copper company that declared bankruptcy in 2005, will have its day in court regarding the payment of legal expenses if it prevails in its case against Fireman's Fund Insurance Company, a Texas judge ruled.

Florida Gov. Charlie Crist has vetoed a measure that would have allowed some insurers to charge unregulated property rates stating that it would allow them to essentially "red line" areas of the state

Besides the financial market crisis, the top business risks multinational insurers face this year are failures to recognize model shortcomings and possible impacts from sweeping regulatory reforms, a report found.

California Gov. Arnold Schwarzenegger is seeking authorization to sell off a portion of the state's workers' compensation insurer of last resort, a spokesperson for the governor said.

IPC Holdings, Ltd. said it will reach out to other parties to "solicit interest in a possible transaction" in addition to engaging in discussions with Validus Holdings, Ltd. about its offer, the company said in a statement today.

New insurance purchasers ranked Erie Insurance highest in satisfaction for the second consecutive year, according to the new J.D. Power and Associates 2009 Insurance Shopping Study.