The action comes after Citizens revealed Wednesday that its computer system could not generate an audit report for 2005. Officials assured the rating agencies that the data is available and nothing ha

Assemblywoman Fiona Ma, D-San Francisco, introduced AB 550 late last month, with Sen. Leland Yee, D-San Francisco, following suit in the Senate with the introduction of SB 723. Under the proposed legi

The request comes after Florida Insurance Commissioner Kevin McCarty released property insurance discounts that insurers are required to pass along to policyholders, amounting to an average 24 percent

World Trade Center developer Larry Silverstein has filed suit against a British insurer and its U.S. spin-off for up to $1 billion in unpaid claims from damages from the 9/11 attack on the Twin Tower

Class action securities settlements reached a record $18 billion in 2006, according to a report from Rockville, Md.-based Institutional Shareholder Services, a provider of corporate governance and pro

Executive Vice President Martin Hartley said the key to the company's underwriting was looking for well-built homes with the kind of retrofitting to withstand today's hurricanes and meet the state's 2

For the year, net income was up 96 percent, or $7 million, from $7 million to $14 million. Earnings per share rose to 88 cents from 70 cents. Earnings increased 67 percent, or $30 million, from $45 mi

The Zurich-based reinsurer said last year's catastrophe loss total was low despite a recorded 349 natural catastrophes and man-made disasters because most of them impacted developing countries with l