U.S. property and casualty insurers' loss reserves appear to have dropped close to breakeven sometime during the second half of 2008, according to a report by Moody's Investors Service.

Dozens of insurance trade group members spent a day lobbying Texas legislators yesterday urging them to find a proper solution to bankroll the state's badly depleted windstorm pool.

Beginning in 2010, the National Association of Insurance Commissioners (NAIC) will conduct three National Meetings instead of the current quarterly schedule.

Fitch Ratings has downgraded mortgage insurers MGIC Investment Corp. and The PMI Group (TPG), citing in both cases loss expectations and capital constraints facing the companies as independent mortgage insurers.