News

Rate filings show PIP premiums have dropped an average of 13.2%below the 25% target envisioned in HB 119, but a welcome outcome for the OIR and insurers.

As temperatures plummet across the country this week, it's important to remember that extreme weather and climate events are a natural part of the Earth's climate system. Nonetheless, as the NOAA notes, extreme weather and climate events can have significant impacts on our lives and on the environment.

Is the return of the U.S. auto boom already over? According to an analyst at the University of Michigans Transportation Research institute, it seems so.

Mortgage insurer MGIC Investment Corp posted a smaller-than-expected quarterly loss as fewer U.S. homeowners defaulted in a recovering housing market.

The U.S. risk council is looking to determine whether Warren Buffett's Berkshire Hathaway Inc could be systemically important, a tag that would subject it to stricter regulatory oversight, Bloomberg reported, citing two people familiar with the matter.

Personal-lines insurers should show year-over-year profit improvement when they report 2013 results, and the combined ratio for both personal auto and homeowners should come in under 100, according to a Fitch Ratings personal-lines dashboard update.