News

The door for the private market to play a strong role in insuring against flood would be opened through several provisions in legislation reauthorizing the National Flood Insurance Program passed by a House panel late Wednesday.

The Workers Compensation Insurance Rating Bureau of California’s Governing Committee has decided to submit an informational filing, rather than a rate filing, to the state insurance department in part to shift focus away from a hard number and toward the actual cost drivers in the workers’ comp system.

Mississippi Governor Haley Barbour vetoed a bill that would have created a web-based system to ensure that motorists in the state have required auto insurance coverage.

Troubled bond insurer Ambac Assurance Corp. requested that Moody’s Investors Service withdraw its ratings for the company.

Troubled bond insurer Ambac Assurance Corp. requested that Moody’s Investors Service withdraw its ratings for the company.

Arizona has become the 12th state to approve legislation that either prohibits or restricts a so-called accident or crash tax.