Armonk, N.Y.-based financial guarantee insurer MBIA Inc. said it has separated the positions of chairman and chief executive officer to "maintain the highest standards of corporate governance."

Wildfires in the Santa Barbara region of California have claimed a total of 77 homes putting home loss value at around $38.5 million according to figures supplied by a catastrophe risk modeling firm.

With flu insurance developing as a news topic, a Virginia-based insurer is reminding that it has offered the coverage for several years.

Marsh & McLennan Companies Inc. will pay the state of Connecticut $2.4 million to settle allegations of bid-rigging, price-fixing and illegally steering business to insurers .

Florida Gov. Charlie Crist has vowed to sign legislation that could raise home coverage rates up to 10 percent for more than one million policyholders with the state-created Citizens Insurance Corp.

The assessment was made in light of the New York-based insurer's calculation that the government would continue with its current financial commitments and that it would be able to dispose of non-core

Vertafore, a provider of market-leading software and services to the insurance industry, has announced the availability of Producer Plus 1.5, an upgrade to the existing software program that enables

If Bernard Madoff had been under the jurisdiction of insurance regulators, he would have been caught sooner, a National Association of Insurance Commissioners official said here.