News

Once again, the National Flood Insurance Program finds itself in danger of lapsing, as the House must act Tuesday to keep the program going.

Auto insurers Progressive Corp and Allstate Corp have settled a patent dispute over technology that lets insurance companies charge drivers based on how, where and how much they drive.

Auto insurers Progressive Corp and Allstate Corp have settled a patent dispute over technology that lets insurance companies charge drivers based on how, where and how much they drive.

Negative implications of Nationwide Mutual Insurance Companys planned acquisition of Harleysville Mutual Insurance Company, including increasing Nationwides catastrophe exposure, offset the positives the company will see through improved diversification, according to Moodys Investors Service.

Hurricane Irene has thus far caused more than $90 million in insured losses in Massachusetts.

John R. Coomber, a Swiss Re director who has consistently identified climate change as a significant risk, will become the new chairman of ClimateWise, the global insurance industrys leadership group formed to reduce the risks of climate change.