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Action on MBIA, Moody's said, reflects the firm's limited financial flexibility and impaired franchise, as well as the substantial risk within its portfolio of insured exposures and a movement toward
Next month will see a spate of congressional focus on insurance regulatory issues as both houses plan some action before departing on an extended summer vacation and returning for a brief fall session
The California Department of Insurance has given its approval for the Doctors Company medical malpractice insurer to acquire federal probe target SCPIE Holdings Inc. after the state Attorney General's
Fireman's Fund will lower homeowners insurance rates in California by 17.9 percent after negotiations with the state's Insurance Department. The decrease is over three times greater than the percentag
Howard Goldblatt, governor affairs director for the coalition, said legislatures around the country were focused on economic issues this session, and that may have impacted the time available to focus
Mississippi trial lawyer Richard "Dickie" Scruggs, who brought major class actions against property insurers after Hurricane Katrina, was sentenced today to five years in prison for conspiring to brib
Mississippi trial lawyer Richard "Dickie" Scruggs, who brought major class actions against property insurers after Hurricane Katrina, was sentenced today to five years in prison for conspiring to brib
The DeWitt, N.Y.-based Independent Insurance Agents & Brokers of New York Inc. congratulated the insurer "for its conviction and perseverance in dealing with the legal action taken against it by the N
The Southfield, Mich.-based insurer announced in late February an agreement with ProCentury Corp. to acquire the underwriter in a combination cash and stock transaction with a total worth of $273 mill
Mr. Fish has been with QBE since 1995 and has held several key positions within the company's finance organization, the company said. QBE said he moves into this senior management position from his ro
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