The rating action for the White Mountains Insurance Group subsidiary follows Best's review of Folksamerica Re's overall risk management. It included an evaluation of the company's Bermuda-based sideca

Insurers going broke and a resultant national economic upheaval are "highly likely" unless state and federal governments, the public and insurers take steps to reduce the impact of catastrophe losses,

Accenture has agreed to acquire NaviSys, a privately held company that specializes in software solutions for the North American life insurance industry. The transaction is expected to close within

General Reinsurance Corp. said in a filing that it briefed the Securities and Exchange Commission in June concerning its involvement with nontraditional insurance arrangements that have come under con

The California governor's office said a new legislative measure expected to gain passage shortly should end a regulatory dispute that led to court action between the State Compensation Insurance Fund

State Farm said yesterday that it filed for an 8 percent reduction in auto insurance rates with the California Department of Insurance, in addition to the initial pricing changes required by the new a

PXRE Group Ltd. reported second-quarter net income fell to $2.1 million from $43.5 million in the same 2005 period. The company asked to be unrated after a downgrade by A.M. Best Co. and management ha

The poll by Meriden, Conn.-based Response Insurance found 65 percent of drivers who own a BlackBerry device would support a ban on their use while driving, and more than 58 percent of non-BlackBerry o