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Progressive said it took the write-downs on securities "determined to have had other-than-temporary declines in market value. The company said 85 percent of the write-downs were on securities held in

New York Assemblyman Joseph D. Morelle, D-Rochester, the chairman of the Standing Committee on Insurance, is scheduled to speak at The Professional Insurance Agents of New York State Inc.'s annual

Big companies, who put up large collateral with their insurers to cover deductible portions of claims, could have a problem getting that money back if the carrier goes bankrupt, according to a New

On Oct. 23, 2008 the Florida Supreme Court ruled that the fee schedule, part of the state's 2003 reforms to its workers' compensation system, was ambiguous and could result in inequitable payments

Greater risks from volatility in investment and underwriting performance, a more active merger and acquisition market, and regulatory changes could transform the insurance industry in the coming

The president of the National Association of Insurance Commissioners said a call to regulate the insurance industry on a national level for international activity would make regulation more complex