News

The National Association of Insurance Commissioners Property & Casualty Committee chairman said the panel will begin exploring how to gather data on insurers' use of credit information to determine premiums.

PartnerRe Ltd. in Bermuda announced completion of its acquisition of Zug, Switzerland-based Paris Re Holdings Limited, following Paris Re shareholders' approval of the $2 billion stock deal announced in November.

Financial firms could be forced to bail out Florida's troubled property insurer of last resort under an amendment proposed for House financial services reform legislation, according to one analysis,

Major insurance trade groups are asking the Senate Banking Committee not to require large financial institutions to prefund a systemic risk resolution fund as part of financial services reform legislation.

West Virginia Insurance Commissioner Jane Cline, who has a background as a state government official and consultant, has been elected the National Association of Insurance Commissioners president for 2010.

A Sunland, Calif. interior designer will pay dearly for his 15 minutes of fame. After claiming disability, the man continued to earn a sizeable living as a designer, even appearing on HGTV.