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WASHINGTON--Property-casualty insurers are getting rich by "methodically overcharging consumers," reducing coverage, underpaying claims and having taxpayers pay some of the tab for risks insurers shoul

The nonjury trial, which began last April, is before New York Supreme Court Judge James A. Yates, who has listened to prosecutors portray William Gilman, former executive marketing director and manag

The National Association of Professional Insurance Agents' agent branding program, promoting "Local Agents Serving Main Street America," has added five additional companies and now includes 50 insuran

Insurers, the brokerage said, took advantage of a buyer's market and many 2008 renewals closed late as cedents held out for lower rates in the continuing soft market. Reinsurers were rewarded not only

The filing yesterday said that Mr. Greenberg and his associate holdings will not take any actions "to direct or cause the direction of the management and policies of the issuer or otherwise exercise a

The Oldwick, N.J.-based rater reaffirmed the "A-minus" (excellent) financial strength rating for the insurer, but revised the outlook from stable to negative out of concern with risks in GMAC's Reside