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Filed last week, the bill by State Sen. Michael Balboni, R-East Williston, would create a New York fund that would involve a public-private partnership providing a backstop for the state's property-ca

Standard & Poor's said it is retaining its stable outlook for the insurance industry, saying renewal of the Terrorism Risk Insurance Act (TRIA) ensures underwriters have a true backstop in place for a

Attorneys for a stockholders' action against American International Group have reached a proposed settlement with the company that would drop claims against most directors, leaving only former AIG bos

Lloyd's chairman Peter Levene told New York business leaders today that if trade barriers such as collateral requirements are lifted, foreign reinsurers could provide more support in the event of anot

"Homeowners is not as profitable as everyone thought it was," he said. "And auto rates are not going up while costs are. But the fact is we are having fewer accidents each year and that can't go on fo

Sandra P. Perez will receive the Bernard I. Kozel Memorial Scholarship award and Leah Chan the Arthur I. Moll Memorial Scholarship award at the Professional Insurance Agents of New York State Inc.'s M