Public Sector Risk

The House Republican leadership is acting after Republicans in vulnerable states like Florida opposed the initial policy of stonewalling a Senate NFIP bill and threatened to force a vote on that legislation.

A federal judge on Wednesday gave Detroit and a group of bond insurance companies two or three weeks to settle a dispute over whether the city can treat certain bonds as unsecured debt, warning of an "all or nothing" ruling if no deal is reached.

The U.S. Court of Appeals for the Eighth Circuit has affirmed a district court decision reforming a commercial insurance policy to include an exclusion that the insurance company had inadvertently omitted.

Floridas Citizens Property Insurance Corporation says its policy count has dropped below 1 million for the first time since 2006, a development that industry representatives called a step in the right direction for the state's property market.

Floridas Citizens Property Insurance Corporation says its policy count has dropped below 1 million for the first time since 2006, a development that industry representatives called a step in the right direction for the state's property market.

South Korea's second-largest non-life insurance company, Hyundai Marine & Fire, is working out details with the government to offer what will be known as "four evils" insurance, created to compensate victims of what the Park Geun-hye government considers the four greatest issues plaguing South Korean society.