Progressive Insurance has received a fourth patent for system technologies used with its optional Pay As You Drive insurance program, a usage-based form of car insurance. The patent relates to producing a driver safety score based on monitored driving data.

A.M. Best has downgraded specialty insurer BancInsure Inc.s B-plus-plus financial strength rating to B with a negative outlook due to marked deterioration in BancInsures operating performance after the initial impact of the recession and financial market downturn in 2008.

The Council of Insurance Agents and Brokers is urging the Federal Insurance Office to use its authority to change the current insurance regulatory system, either through the states or through federal means.

The Council of Insurance Agents and Brokers is urging the Federal Insurance Office to use its authority to change the current insurance regulatory system, either through the states or through federal means.

A.M. Best says it expects further growth for Indias insurance market, but despite increasing premiums, profitability continues to be a challenge for insurers.

Moodys Investors Service says insurance broker Aons decision to move its headquarters from Chicago to London will have no effect on the companys ratings.

Economic risk is the top concern on business professionals minds, according to a survey of Allianz Global Corporate & Specialty risk experts, but the same professionals say businesses are underestimating cyber risks.

Economic risk is the top concern on business professionals minds, according to a survey of Allianz Global Corporate & Specialty risk experts, but the same professionals say businesses are underestimating cyber risks.