The letter to Rep. Richard Baker, R-La., chairman of the Capital Markets Committee of the House Financial Services Committee, varies from the line taken by the Bush administration during drawn-out tal

NEW YORK--The record catastrophe losses of 2004 and 2005 have resulted in a meaningful shift of insurance risk from reinsurers down to policyholders and the public, a leading property-casualty analyst

Allstate Insurance, which has stopped writing coverage for homeowners in many hurricane-vulnerable areas, said yesterday they will no longer cover earthquake damage wherever they are legally allowed t

NEW YORK--Industry leaders need to get the message to front-line underwriters to maintain pricing discipline, but even that won't prevent inevitable soft markets--or a potential competitive pricing 'blo

WASHINGTON--Four companies in Mississippi and seven in Texas X-rayed citizens in their states for potential silicosis without being licensed to do so, according to witnesses appearing before a House su

The report said that as the July 1 renewal season approaches, market participants expect to enjoy material increases in premium rates and in terms and conditions for property and related short-tail li

The former chief financial officer of the Ohio Bureau of Workers' Compensation is due in court tomorrow to plead guilty to state and federal charges, alleging he took payoffs from contractors doing bu

The newly formed group consists of the following entities: American Hallmark Insurance Company of Texas, Phoenix Indemnity Insurance Company and Gulf States Insurance Company. Additionally, A.M. Best