Legislation introduced in the Senate today that would split the difference on wind vs. water claims after a hurricane appears to be generating little support within the property and casualty insurance industry.

The National Association of Insurance Commissioners (NAIC) is looking for a vendor to model expected insurer losses for commercial mortgage-backed securities (CMBS) in an effort to

A letter to Nevada officials requesting that the state stop discriminating against a risk retention group underscores the need for a Government Accountability Office RRG report, counsel for an RRG association said.

Gordon Ito, a 17-year veteran with the Hawaii Department of Commerce and Consumer Affairs, has been named the state's insurance commissioner.

Twenty-five members of the House have asked federal health regulators to ensure a role for licensed insurance agents in the Web portal that will be used to aid consumers in comparing coverage options.

As Rep. Gene Taylor, D-Miss., continues to lobby the House for his bill adding wind to the National Flood Insurance Program (NFIP), another bill in the Senate seeks a compromise to settle the "wind vs. water" issue.

The Federal Reserve Board is seeking nominations for appointments to a council that may influence how the Fed sets up the Consumer Financial Protection Bureau.

Renaissance Re reported a 23 percent drop in 2010 second-quarter net income available to common shareholders compared to a year ago as the company experienced a decline in both net investment income and premiums written.