HedgeStreet, based In San Mateo, Calif., said it was selling hurricane contracts for as little as $9 that return $100 if the storm creates insured damage above certain levels that are certified by th

WASHINGTON--A Richmond, Va.-based title insurer has agreed to pay more than $102,000 to settle charges by Colorado authorities that it paid illegal kickbacks to homebuilders for their exclusive busines

An increasing number of directors and officers' liability insurers are claiming improperly that their policies exclude coverage against securities lawsuits, an attorney specializing in policyholder ca

Marsh's insurance brokerage unit will be allowed to accept contingent commissions for its managing general agency business under an agreement reached with New York's attorney general and superintenden

Marsh & McLennan's new agreement with New York authorities allowing it to receive some contingent commissions for managing general agent activity should be a mild positive for the firm, according to a

Sam Sorich, president of the Association of California Insurance Companies, said the group hasn't decided whether or not to pursue an appeal to obtain a stay, and wondered whether pursuing such an app

Mr. Stander added, "We know tougher building codes save lives, reduce property damage, speed post-storm recovery, and protect property values. Moreover, the cost of building homes and commercial prop

WASHINGTON--In a case with potentially broad implications, insurance trade groups have joined in contesting the latest legal move by a group of workers seeking money for medical monitoring against pote