The European Union is close to finalising a deal on how insurance companies will hold enough capital to keep policyholders safe which will severely water down the version sought by industry regulators.

Students actively pursuing the CPCU designation must now complete two exams instead of four to be eligible for candidate membership.

In auto insurance, the direct model is winning, the value of independent agents is diminishing and the proof is in an examination of the continued rise of Geicothe only major pure direct modelversus challenges at Progressive Corp. due to a legacy agency business, according to an analysis released today.

Insurance stories from around the web, including rural groups fighting a proposed $100 million-a-year cut in crop insurance subsidies and fear over NFIP rate hikes in coastal Massachusetts.