A new type of coverage is intended to safeguard homeowners against a decline in property values.

Atlantic storm Ophelia had weakened, but now has strengthened again into a tropical storm, and could become the seasons fourth hurricane today before passing near Bermuda over the weekend.

Nationwide Mutual Insurance Co. will acquire Harleysville Mutual Insurance Co. in a deal valued at around $800 million, the companies announced today.

Rhoads Online announces PCRM, its Web-based compliance management system for insurance carriers and agencies/brokers, is offering insurance licensing renewal alerts via Facebook and all mobile phone service providers.

Risk Metrics Corporation, a provider of market intelligence for commercial insurers, has launched Insurance360, a new data as a service (DaaS) product that allows insurance carriers, brokers, and agencies to access the data they need all in one place, in real time and only pay for what they use.

Bank-owned insurance broker BB&T made its second acquisition in less than two weeks, entering the metro-Baltimore market for the first time by acquiring Atlantic Risk Management Corp. of Columbia, Md.

Standard & Poor's Ratings Services says it is placing the AA-plus financial strength rating of Assured Guaranty Municipal Corp. and the AA rating Assured Guaranty Re Ltd. on CreditWatch with negative implications, prompting an objection to S&Ps new rating criteria by the financial-guaranty insurer.

More publicly traded companies increased their directors and officers liability-insurance limits through the third quarter of this year compared to the past four years, a trend driven by the soft market and increased regulatory scrutiny, according to a report from insurance broker Marsh.