Insurance rates for the third quarter continued their overall decline at a slightly steeper rate than the previous quarter, according to a survey of insurance brokers.

Legislation to control non-bank firms large enough to pose systemic financial risk should complement not displace state regulation, an insurance commissioner told House lawmakers.

Property and casualty insurers can expect to be hit by a swirl of claims arising from swine flu that include actions against homeowners and businesses, a medical malpractice defense attorney is predicting.

Selective Insurance Group Inc. reported third quarter net income rose 45 percent on a combination of improvement in its personal lines business and a benign catastrophe season compared to last year.

Insurance companies are getting a wakeup call - in the form of new premium tax laws and enforcement actions by state and local governments and courts.

Liberty Mutual Insurance Group management said it has no plans to leave the workers' compensation insurance market in California and Florida as reported Tuesday in NU Online.

C.V. Starr & Company, the insurance entity headed by Maurice Greenberg, the former boss of American International Group, strongly denied that Greenberg's new firm is busy looting staff from AIG.

Aon Corp. insurance brokerage said it has agreed to acquire Carpenter Moore Insurance Services Inc. from The NASDAQ OMX Group Inc. Financial terms were not disclosed.