NEW YORK--Lloyd's Chairman Peter Levene said he never thought the issue of U.S. collateral requirements for reinsurers would last as long as it has, but he hopes a New York regulator's proposal will fi

Hearings on Allstate's auto insurance rates in California opened yesterday with a consumer group announcing that the company was overcharging drivers and Allstate responding that the charges were unfo

A federal judge has ruled that prosecutors at the trial of five reinsurance executives can play tapes of a witness discussing how far American Insurance Group would go to present a phony financial pic

The superintendent issued 10 principles for insurers and 10 for regulators. Mr. Dinallo contends it will help create a more nimble insurance industry that will be more competitive on the world stage i

The superintendent issued 10 principles for insurers and 10 for regulators. Mr. Dinallo contends it will help create a more nimble insurance industry that will be more competitive on the world stage i

The Chicago-based broker said JM Associates has specialized in providing casualty insurance for the elevator industry for the past 15 years. The agency will add $2.5 million in net revenue to Hub's op

MarketScout said, however, that the profits are driving the soft market, resulting in a composite property-casualty average rate change of minus-15 percent in October. Commercial property and general

NEW YORK--State regulation of the insurance business provides a more diverse, nimbler, less inept and less remote system of control than any federal system that could be developed, five former New York