News

A three-judge panel has denied the federal government's request to reinstate a six-month deepwater drilling moratorium pending the government's appeal of a lower court decision that lifted the moratorium last month.

Liberty Mutual Insurance Company has sued Goldman Sachs & Co., alleging that the investment bank misled the insurer about two now-worthless preferred stock offerings of the Federal National Mortgage Association (Fannie Mae).

The number of meteorological catastrophe-driven events is increasing, causing more losses internationally, but insurers have proven themselves financially capable of handling those losses, according to experts.

The Doctors Company will acquire American Physicians Capital Inc. (APCapital) for approximately $386 million, the companies have announced.

Aviation insurance rates are softening, showing signs of moderation after hardening last year, according to a report released by Aon Corp.

The Automobile Club of Southern California has submitted an application to become the second insurer to offer California's pay-as-you-drive program.