The International Association of Insurance Supervisors has told the insurance world it will be developing a first-ever risk-based global insurance capital standard by 2016.

The International Association of Insurance Supervisors has told the insurance world it will be developing a first-ever risk-based global insurance capital standard by 2016.

Assurant, Inc. faces profitability challenges in key areas of its businessparticularly its force-placed productsbut the specialty insurer has traditionally demonstrated an ability to adapt to changing market conditions, according to a Fitch analysis.

Assurant, Inc. faces profitability challenges in key areas of its businessparticularly its force-placed productsbut the specialty insurer has traditionally demonstrated an ability to adapt to changing market conditions, according to a Fitch analysis.

A federal district court in Mississippi has ruled that sovereign immunity required that it dismiss litigation brought by a number of insureds against FEMA where the insureds claims had been denied by the Write Your Own insurance carriers.

A federal district court in Mississippi has ruled that sovereign immunity required that it dismiss litigation brought by a number of insureds against FEMA where the insureds claims had been denied by the Write Your Own insurance carriers.

Lacking a license and follow-through, Kolenda sold insurance for hole-in-one contests but never actually paid the winners.

Insurance rating agency A.M. Best Co. has downgraded the financial strength rating of Tower Group following the insurers reserve-strengthening announcement.