News

The new normal is that rising technologies that affect insurance are hitting the consumer market space at a rate that is vastly ahead of the policy procedures of most insurers. As a result, the lines of culpability are becoming increasing gray.

Chubb & Son said it has appealed an order from Washington State Insurance Commissioner Mike Kreidler, who is looking to stop six Chubb subsidiaries from writing new commercial insurance in the state for nine months.

Three more foreign reinsurers--all based in Bermuda--have reached agreements with the Florida Office of Insurance Regulation to participate in the state's insurance market under modified regulatory terms.

Ambac Financial Group was not able to reach an agreement with debt holders and has filed for Chapter 11 bankruptcy relief.

A Mississippi man who wanted the state's insurance department to give him all records it had on homeowners insurance claims filed after Hurricane Katrina was again denied.

California's outgoing insurance commissioner has filed a lawsuit challenging an administrative ruling dealing with Iranian investments by insurers.