Two Democratic senators Tuesday introduced legislation in the current lame-duck session that would delay for five years a mandate that homeowners included in new flood zones buy "market-based" insurance policies.

Group medical benefits renewal rates continued to increase in the U.S. market between June and October, but brokers reported that clients are not planning to cut coverage altogether, according to a survey of insurance brokers.

A Penn. couple is in a real rut after they were both arrested and charged with staging an accident to collect more than $15,000 in insurance payments.

The Independent Insurance Agents and Brokers has written to members of the House of Representatives asking that all of the Bush tax cuts be extended to eliminate uncertainty for agents and brokers.

Itasca, Ill.--based insurance broker Arthur J. Gallagher & Co. said it has acquired Premier Risk Services, headquartered in Itasca. Financial terms of the transaction were not disclosed.

American International Group was the apparent biggest user of the Federal Reserve Board's short-term lending facility after it ran into financial trouble starting in September 2008, according to documents released by the Fed Wednesday.

Breaking a two-decade run of fairly consistent gains, the surplus lines industry's direct premiums written declined for a third consecutive year in 2009

Aggregate losses from weather-related natural catastrophes since 1980 now total $1.6 trillion and insured losses are increasing an average of 11 percent per year, Munich Re said in a press report.