News

Fitch Ratings said it has downgraded Mortgage Guaranty Insurance Corp.'s Insurer Financial Strength rating to 'BB minus' from 'BBB minus' based on concern about continuing loss rates.

The House Democratic leadership proposed health care reform legislation that includes a public option at an estimated cost of $894 billion over 10 years.

Insurance rates for the third quarter continued their overall decline at a slightly steeper rate than the previous quarter, according to a survey of insurance brokers.

Legislation to control non-bank firms large enough to pose systemic financial risk should complement not displace state regulation, an insurance commissioner told House lawmakers.

Property and casualty insurers can expect to be hit by a swirl of claims arising from swine flu that include actions against homeowners and businesses, a medical malpractice defense attorney is predicting.

Selective Insurance Group Inc. reported third quarter net income rose 45 percent on a combination of improvement in its personal lines business and a benign catastrophe season compared to last year.