A long-running legal dispute between Bank of America Corp. and insurer MBIA could be settled in early 2013 after recent maneuvers involving MBIA's bonds, analysts at research firm CreditSights wrote.

True configurability can reduce the total cost of ownership (TCO) by minimizing or eliminating expensive professional services during and after the implementation, and by enabling internal users to gain operational and process efficiencies, as well as product and market agility without involving in-demand IT resources.

Strategy Meets Action (SMA), an insurance strategic advisory firm, announces a new research report, Usage Based Insurance/Telematics: A Catalyst for Change with results of a survey of North American property and casualty insurers indicating that 75 percent of insurers believe usage-based insurance (UBI) will fundamentally alter the auto insurance industry...

Strategy Meets Action (SMA), an insurance strategic advisory firm, announces a new research report, Usage Based Insurance/Telematics: A Catalyst for Change with results of a survey of North American property and casualty insurers indicating that 75 percent of insurers believe usage-based insurance (UBI) will fundamentally alter the auto insurance industry...

Julian James, a highly regarded figure within the insurance industry, is leaving his post at Lockton.

XL Group puts its preliminary net loss estimate related to Superstorm Sandy at $350 million.

XL Group puts its preliminary net loss estimate related to Superstorm Sandy at $350 million.

Progressive Corp. says its November 2012 net income declined 38 percent relative to the same month a year ago to $77.7 million, despite net premiums written increasing by 5 percent.