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Standard & Poor's yesterday affirmed the "triple-A" financial strength ratings of major bond insurers MBIA Insurance Corp and Ambac Assurance Corp., sending their stocks and the rest of the market on

However, Samuel Miller, executive vice president of the Florida Insurance Council, noted that State Farm's decision to stop writing new business should not be confused with a withdrawal from the marke

In a Securities and Exchange Commission filing last week, MMC said it came to agreement with Mr. Cherkasky on Feb. 15 to pay him a lump sum as part of his employment agreement. He received no bonus fo

Fitch Ratings has placed the insurer financial strength ratings of three mortgage insurers on Rating Watch Negative, citing concerns regarding deterioration in several mortgage asset classes beyond th

HARTFORD, CONN.--Five former insurance executives with General Reinsurance and American International Group were found guilty by a federal jury today of all charges stemming from an alleged bogus reins

The reinsurer said fourth-quarter consolidated profit was $873.2 million compared to $991.8 million in 2006. Munich Re said that net earned premiums increased 0.4 percent, and investment results decli