After a lawmaker agreed to drop his objections, the Senate voted final approval for legislation that included a reauthorization of the National Flood Insurance Program.

Congress' inability to renew the National Flood Insurance Program has potentially dire consequences, Federal flood agency management officials warned.

Catastrophe risk modeling firm Eqecat said it estimates insured losses from the Chile earthquake will range from $3 billion to $8 billion.

A consulting firm is warning that financial firm risk managers face increasing peril from fraudulent claims on behalf of bankrupt companies.

The National Association of Registered Agents and Brokers reform act, that would in effect create national licensing for producers, is scheduled for a vote in the U.S. House of Representatives.

President Obama's proposal for a federal agency to regulate health insurance rates will in practice apply only in states where the regulators lack full rate review authority, state insurance regulators said.

An early catastrophe modeling firm estimate puts the insured loss from the Chile earthquake at up to $2 billion.

ASCnet (Applied Systems Client Network) said it plans to relocate its headquarters by the end of this year after it has found a permanent chief executive officer.