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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.
The credit profile for personal lines of insurance in the United States is stable, despite intense underwriting competition and a weak economy, Moody's Investors said.
The Property Casualty Insurers Association of America (PCI) said it plans to lobby international regulators not to treat insurers as if they pose the same systemic risk as banks.
American International Group cut its fourth-quarter net loss by 86 percent over the same period in 2008, reporting it reduced its net loss by $54 billion.
The findings of a recent Allstate Foundation study suggest that girls are racing ahead of boys in their need for speed and "aggressive" driving behavior.
Social media outlets are a new marketing channel that insurers need to take advantage of, even though marketers are struggling to find out how best to leverage the new services in their favor, according to Mintel Corporation.
The Travelers Companies Inc. and its private foundation, the Travelers Foundation, said its 2009 charitable contributions totaled nearly $19 million in community support across the country.
A bill, with language supplied by an insurance trade group, to deregulate insurance rates for some commercial lines excluding those exposed to catastrophic risk, has been introduced in the Florida Senate.
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