Congress will likely move next year to require companies that insure credit default swaps--such as American International Group--to at least partially reserve against potential losses, according to

The Washington State Supreme Court has ruled that makers of nonhazardous component parts, such as pipes or valves, have no duty to warn ultimate users about asbestos products made by others and

Ignoring a government request that he serve more significant time, a federal judge last week sentenced Ronald E. Ferguson, former chief executive of General Reinsurance Corp., to two years in prison

Despite some grim results for the first nine months of 2008, the property-casualty sector is unlikely to end the year in the red, one of the insurance industry's premier economists and leading

The proposal was unanimously passed by the NAIC's Executive Committee and Plenary at its quarterly meeting in Washington earlier this month--and the possibility of taking further action on the issue

Commercial property-casualty insurers in general remain unwilling to provide nuclear, biological, chemical and radiation coverage under the Terrorism Risk Insurance Act due to uncertainties about the

A nationwide law firm is at work creating a coalition of insurer representatives to oppose a new rule by New York making it mandatory for directors and officers liability insurers to manage any legal

Red ink stained the property-casualty insurance sector's third-quarter financial results, as the industry combined for a net loss of $9.9 billion, while profits plunged 92 percent for the full year