News

With an eye toward broad state consensus on financial services reform, the National Conference of Insurance Legislators (NCOIL) is inviting state leaders from across the country to a summit to discuss current regulatory issues.

The Atlantic storm Earl has become the second major hurricane of the season, and it is expected to continue gaining strength as it heads toward the northern Virgin Islands.

U.S. property and casualty reinsurers saw 2010 first-half net premiums written drop 4 percent compared to last year while their combined ratio increased to 98.7 from 93.8.

Farmers Insurance Group is being sued by more than 1,000 victims of the Station Fire in California who allege the insurer acted in bad faith and "unjustifiably and unreasonably" failed to pay or underpaid claims.

Homeowners insurance looks to be a key issue in the race for Texas governor, with challenger Bill White announcing a plan to push a prior approval system.

The ongoing recession has hit workers' comp carriers hard, causing nearly a quarter of the market's premiums to evaporate and cutting profitability by as much as half in the past two years, experts in the field reported here.