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Detroit's path through bankruptcy began to take shape on Tuesday, with a second bond insurance firm ready to drop its objections to a controversial city financing plan, joining another bond insurer, bondholders and a committee of retired city workers in reaching agreements with the city.

The regulatory scrutiny that followed the financial crisis is forcing insurance CEOs to spend an inordinate amount of time on compliance to solve problems that do not exist and satisfy regulators who dont understand the industry, according to Hanover Insurance Groups chief executive.

The regulatory scrutiny that followed the financial crisis is forcing insurance CEOs to spend an inordinate amount of time on compliance to solve problems that do not exist and satisfy regulators who dont understand the industry, according to Hanover Insurance Groups chief executive.

Unsurprisingly, PIP-related losses account for the most QCs in each of 3 years analyzed by the National Insurance Crime Bureau.

Unsurprisingly, PIP-related losses account for the most QCs in each of 3 years analyzed by the National Insurance Crime Bureau.

Drivers who file an auto insurance claim will see their rates climb by an average of 38% nationwide, while those who file two claims within a 12-month period can expect to pay nearly twice as much as claim-free drivers, a new report says.

Drivers who file an auto insurance claim will see their rates climb by an average of 38% nationwide, while those who file two claims within a 12-month period can expect to pay nearly twice as much as claim-free drivers, a new report says.