The comment by Rep. Paul Kanjorski, D-Pa., chairman of the Capital Markets Subcommittee of the House Financial Services Committee, came as he released letters he sought from regulators asking how the

Hamilton, Bermuda-based insurer ACE Limited said it plans to raise $300 million from the sale of senior notes, which will provide part of the purchase ...

Company write-downs because of the drop in subprime mortgage values could result in more than $3 billion in losses for writers of director and officers insurance, a research and technology firm said t

NEW YORK--Attorneys who defend insurers said the absence of high-profile plaintiff lawyers Mel Weiss and David Bershad from the class-action scene hasn't cut the volume of such lawsuits, but the pair's

The London-based insurance brokerage firm reported today that its net income in the fourth quarter dropped to $95 million, off by $53 million compared to the same period last year, translating into ea

Gary Kerney, assistant vice president, Property Claim Services for ISO, said that "PCS assigned catastrophe serial number 27 for damage caused by wind, hail, tornadoes and flooding in Alabama, Arkansa

HARTFORD, CONN--A participant involved in what the government says was a sham transaction to inflate American International Group's financial picture wrote an e-mail shown in court today that joked abo

WASHINGTON--Congress could pass a measure this year reforming and modernizing surplus lines and reinsurance industry regulation, but support is lacking for legislating a federal backstop for state cata