A third-party administrator for self-insured workers' compensation groups is under investigation by the New York State Attorney General's Office and faces possible license suspension for failing to pa

The bank said its insurance arm has acquired Burkey Risk Services of metro Orlando, Fla.; Savannah Reinsurance Underwriting Management LLC, a reinsurance broker based in Stamford, Conn.; Alpharetta, G

Among its provisions are those freezing rates for the state-run Citizens Property Insurance Corp., increasing the penalties for violations of the insurance laws, and changing the standards and procedu

NEW YORK--Insurers have become too reliant on catastrophe models when deciding which risks should be cancelled and which ones are acceptable, a pioneer in the modeling field told an industry gathering

U.S. property-casualty insurers ended 2007 with a strong fourth quarter, but year-end results fell short of their 2006 record profits and the sector saw a drop in net premium written for the first tim

The announcement came from Rep. Paul Kanjorski, D-Pa., chairman of the House Financial Service Committee's Capital Markets Subcommittee, before the panel heard testimony today on the Bush administrati

The bank did not give details on its insurance segment's performance, but in a statement Howard Atkins, Wells Fargo's chief financial officer, said many of its businesses achieved double-digit, year-o

Midyear reinsurance renewal rates for the June 1 to July 1 period are expected to continue to soften, while terms and conditions are also expected to see improvement for customers, Aon Re said yesterd