News

President Barack Obama signed into law legislation extending the National Flood Insurance Program as is until Sept. 30, 2011--averting what would have been yet another shutdown of the federal catastrophe coverage plan.

A coalition of insurance agent groups is asking the NAIC to exclude commissions from a new medical loss ratio requirement in the federal health care reform law.

Delos Insurance Group's rating from A.M. Best Co. is under review with negative implications following the merger of its holding company with Southwest Insurance Partners, Inc.

Three Allstate adjusters and two State Farm appraisers in Florida were arrested and charged with racketeering and grand theft auto for their roles in auto insurance fraud schemes.

Ambac claimants will receive cash and notes if a state court approves the Wisconsin Office of the Commissioner of Insurance's rehabilitation plan released Friday for the carrier's segregated account.

Contractors venturing into areas outside of their proven expertise should be aware that strict enforcement of environmental laws is on the increase and they should be taking steps to mitigate a huge potential risk.