After falsely reporting his custom motorcycle stolen, one Sacramento, Calif. former prison guard will soon be singing his own rendition of "Folsom Prison Blues" on the other side of the cell.

The National Conference of Insurance Legislators said it is getting closer to resolving differences over model legislation to set quality standards for auto crash replacement parts.

St. Patrick's Day parades and other festivities may mean entertainment for the public, but for municipal risk managers they represent a need for pre-planning, coordination and contractual risk transfer, said an insurance expert.

A provision in upcoming financial services reform legislation that will subject large insurers to federal oversight is running into heavy opposition from various industry groups, including state insurance legislators.

The announcement by federal authorities that traffic fatalities reported at the end of 2009 reached the lowest level since 1954 has little impact for auto insurers, an expert in the field said.

The federal taxpayer funded WTC Captive Insurance Company announced that it has reached a $657 million injury settlement with workers involved in World Trade Center cleanup and rescue activity.

Another series of earthquakes struck Chile. A 6.9 magnitude quake shook the central part of the country, including Santiago, the U.S. Geological Survey reported.

A provision in upcoming financial services reform legislation that will subject large insurers to federal oversight is running into heavy opposition from various industry groups, including state insurance legislators.