Mr. Sumner previously served as the assistant director of the Division of Workers' Compensation, and held numerous legal and insurance roles under the former Department of Insurance prior to the state

The New York-based rating agency introduced a new economic capital model known as Matrix, which it will now use in its ratings of financial guaranty insurers, and found that the core capital adequacy

What compromises would backers of federal regulation be willing to concede to get Uncle Sam to finally take the plunge? Where would you draw the line? Those are among the controversial issues raised b

Main Street agents are in an uproar again over recent comments by the CEO of Arthur J. Gallagher indicating that the mega-broker is doing just fine without contingency commissions, prompting one produ

Are the growing number of breaches in the industry's standard flood exclusion an example of civil justice run amok? Or does the exclusion simply have more holes than a piece of Swiss cheese? Worse, di

Paragon Solutions, a business and information technology consulting firm, launched a new division, Financial Strategic Services, to address clients' needs for business consulting expertise. The new

"Momentum has been building. Optimistically, I'd like to say we'll get the attention of Congress, and I think we'll see if this year we can't make some good inroads," commented Larry L. Smith, who

Experts say improved loss cost trends, not undisciplined insurers, soften