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State Attorney General Richard Blumenthal said in a statement that the firm had acted as ringleader "in choreographing the reinsurance market to fix prices, stifle competitors and collect excessive pr

"Unless there is a gargantuan catastrophe or series of catastrophes, the soft market is going to continue to go on its path for quite a while to come, until the losses start to eat into surplus," said

IBHS is a national nonprofit association funded by the insurance industry that works to reduce social and economic effects of natural disasters and other property loss events by conducting research an

The Boston-based catastrophe risk modeling company said Krosa, which arrived with sustained winds of 115 mph, had damaged roofs, blown down billboards and awnings, and uprooted trees across northern T

NICB said 1,192,809 motor vehicles were reported stolen in 2006, which is 42,417 fewer than in 2005. Using the FBI's average valuation of $6,649 per stolen vehicle, NICB calculated that this amounts t

The total cost of bodily injury claims paid by U.K. auto insurers has significantly outstripped inflation over the past decade, rising at 9.5 percent a year between 1996 and 2006--more than double the