News

Property and casualty insurers are increasing spending on information technology from 2008 to 2009 by 1.6 percent, down sharply from the prior two years, a survey found.

Standard & Poor's rating service lowered the financial strength rating of guarantee insurer MBIA Insurance Corp. over concern that it is still experiencing adverse loss development.

Just as there are bad people, there are bad cars, and claim adjusters and investigators need to know how to find them.

Before hitting Vietnam, Typhoon Ketsana, the weekend storm that struck the Philippines, reportedly destroyed more than 2,000 homes there and killed 240 persons, but a modeling firm said insured losses should be low.

The Senate Finance Committee today rejected one amendment that would add a so-called "public option" to compete with private insurers in a reformed health care delivery system measure.

Consumer representatives have asked the Senate Finance Committee to drop a proposed provision of health care reform legislation giving state regulators rule-making authority to draft health insurance standards.