Litigation

Title insurers said they will be unaffected by the recent spat of defective foreclosure paperwork that has caused some banks to halt their procedures, and Moody's said the problems will not affect earnings.

Ambac claimants will receive cash and notes if a state court approves the Wisconsin Office of the Commissioner of Insurance's rehabilitation plan released Friday for the carrier's segregated account.

Three Allstate adjusters and two State Farm appraisers in Florida were arrested and charged with racketeering and grand theft auto for their roles in auto insurance fraud schemes.

Standard & Poor's Rating Services said it expects no impact on the ratings of Horace Mann Educators Corp. after its chief executive resigned after one month into his 60-day sentence for a drunk driving charge.

A three-judge panel in the First District Court of Appeals in Florida denied a request from the state's insurer of last resort to dismiss a lawsuit against it based on the belief the government entity is immune.

Zurich Financial Services Group said its subsidiary, Farmers Group has agreed in principle to a $545 million settlement of a class action lawsuit that had accused the insurance group of overcharging for fees paid by the Farmers Exchanges.