News

As insurers' claim count from the California wildfires soared above 14,000 and modelers said insured losses could hit $1.6 billion, a reinsurance expert suggested last week that carriers should have

Spain's largest insurer, MAPFRE S.A., and the Webster, Mass.-based Commerce Group Inc. have signed an agreement for MAPFRE to acquire the auto carrier in a $2.2 billion cash deal, the companies said

Between extreme views of maintaining the current system of 50-state regulation of insurance and entirely replacing it with a federal one, other speakers at last week's hearing before the Capital

An optional federal charter will never be approved by Congress as long as independent insurance agents so vehemently oppose the concept, according to Rep. Barney Frank, D-Mass., who chairs the House

The House won't accept the Senate version of legislation providing a federal backstop for terrorism risk insurance, a key congressman said last week, proposing to temporarily extend the current

BROOKLYN, N.Y.--A new regulation requiring every retail broker in New York to disclose to their clients the value of all compensation deals with insurers is being drafted by the state insurance departm