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Ambac Financial Group Inc. reported a 2010 fourth-quarter loss of close to $82 million on the combination of decline in new business and decrease in investment gains.

Ambac Financial Group Inc. reported a 2010 fourth-quarter loss of close to $82 million on the combination of decline in new business and decrease in investment gains.

Modeler EQECAT has come up with an insured loss estimate of between $12 billion and $25 billion for what is now being called the Tohoku earthquake in Japan, as ACE Ltd. and SCOR have released individual preliminary estimates of their losses due to the magnitude 9.0 March 11 quake.

Because of the rapid growth of captive insurers in the state, Utah has added two examiners this year and will hire another within the next two months, said the state’s captive regulator.

Sen. Jay Rockefeller, D-West Va., called out the National Association of Health Underwriters and Florida Insurance Commissioner Kevin McCarty, saying their lobbying for agent exemptions from the medical loss ratio “will cost American consumers $1 billion in benefits.”

The government's bailout of banks, auto makers, and insurers helped prevent a more severe economic crisis, but might have sowed the seeds of the next one, a congressional watchdog group said Wednesday in its final report.