Insurance legislation is on the move. How recent bills affect claims, underwriting functions.

A U.S. judge has accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay $4.0 billion in penalties for the worst offshore oil spill in U.S. history, a court official said on Tuesday.

Business interruption and supply chain risk, natural catastrophes and fire and explosion perils are the top three risks for 2013, property and casualty experts say in a new survey.

A report by the Special Inspector General for the Troubled Asset Relief Program sharply criticized the Treasury Department for failing to rein excessive pay for top executives of companies that received government bailouts through the Troubled Asset Relief Program.