News

The 17th named storm of the 2010 Atlantic hurricane season has formed and it is expected to intensify.

Claims arising from the U.S. subprime loan and banking crisis continue to mount, but are said to remain manageable at market level for Lloyd's, according to an Aon Benfield report.

Farmers Insurance has filed a lawsuit against a three-time felon who passed himself off as an insurance adjuster, and two attorneys, alleging

The National Association of Insurance Commissioners (NAIC) decided against moving to exempt agents' commissions from the medical loss ratio in the MLR blank it forwarded to the Department of Health and Human Services for final action.

Surety licensing will not be considered a "limited line" as regulators move forward with efforts to promote licensing uniformity.

BP Exploration & Production said it will waive a $75 million liability cap in the Oil Pollution Act (OPA) and urges other "responsible parties" of the Deepwater Horizon disaster to do the same.