Commercial Lines

New York States Department of Insurance has filed its rehabilitation plan for Financial Guaranty Insurance Company, outlining how payments will be made in cash to claimants as available funds allow.

New York States Department of Insurance has filed its rehabilitation plan for Financial Guaranty Insurance Company, outlining how payments will be made in cash to claimants as available funds allow.

Prudential Financial Inc. has agreed to pay $615 million in cash to acquire the Hartford Financial Services Group individual life insurance business.

China's fledgling insurance and reinsurance market cannot meet the soaring costs of natural disasters, but has the data and modeling capability to offload the risk to the private market via insurance-linked securities solutions.

In this weekly segment, we bring you the top stories from PropertyCasualty360.com for the week. Click to see the top stories for the week of September 17, 2012.

Regulatory developments in the European Union and United States present opportunities for large insurers that can use their resources to reduce their capital requirements, while smaller insurers may have to consider strategies such as specializing in particular lines of business to compete, a new report says.

Regulatory developments in the European Union and United States present opportunities for large insurers that can use their resources to reduce their capital requirements, while smaller insurers may have to consider strategies such as specializing in particular lines of business to compete, a new report says.

A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers.