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A rating firm today gave a negative evaluation to a Financial Guaranty Insurance Company plan to divide the firm into two separate operations, with municipal bond business in one unit and riskier offe

The U.S. reinsurance industry reported an underwriting profit of $1.7 billion last year, making 2007 and 2006 the only times since 1980 that the industry has recorded a profit on operations, according

WASHINGTON--The two House sponsors of legislation creating an optional federal charter are seeking to win over more lawmakers to their cause by citing a recent finding by Standard & Poor's that new Eur

Insurance industry trade groups are praising a Minnesota Senate decision earlier this week to pass a more limited "bad faith" damages bill that they called a "reasonable alternative" to a version pend

"We feel positive about the potential that Gov. Perdue will sign it," said Julie Pulliam, public affairs director of the American Insurance Association's southeast region. But, she noted, he has a len

Richard Bannister and Keith Williams, principals of Providium, as well as their approximately 40 associates will continue to operate from their Fairport and Buffalo, N.Y., locations under the directio

"The independent and technology-neutral competition is open to teams from around the world that can design, build and bring to market 100 MPGe (miles per gallon energy equivalent) vehicles that people