News

The failure of Congress to approve long-term renewal of a revamped National Flood Insurance Program could jeopardize the participation of private carriers.

Protesters who say insurance company lobbyists are working to undermine state efforts to implement the federal health care reform law interrupted the summer meeting here of the National Association of Insurance Commissioners.

The claim experience can either make or break a customer's relationship with an insurer. Insurers must understand how people will react to loss scenarios in order to customize services that will ensure customer satisfaction.

Comments made during the National Association of Insurance Commissioners meeting produced two sharply differing views among state regulators over the future benefit of health care reform to consumers.

To combat workers' comp fraud, why not make it standard operating procedure to send claimants an Explanation of Benefits, as health insurers routinely do now, wonders NU Editor Sam Friedman on his blog.

AXIS Capital Holdings Ltd. said David Greenfield, its chief financial officer, will resign.

Former American International Group Chief Executive Maurice "Hank" Greenberg and the company's former chief financial officer will get $60 million from AIG's insurers as part of a proposed settlement to resolve shareholder derivative claims.

For eight years United States Fidelity & Guaranty Company (USF&G), now part of Travelers Cos., had been looking to recoup from reinsurers about half of a $987 settlement with an asbestos policyholder.