While it was thought earlier this month that Texas wildfires this year would cause insured losses of around $250 million, it is now estimated that losses could be twice that amount.

The Senate last night confirmed the nomination of Roy Woodall to be the independent member of the Financial Stability Oversight Council with insurance expertise.

The Connecticut Insurance Department and the Swiss Financial Market Supervisory Authority have signed a memorandum of understanding to allow for closer regulatory cooperation between the two agencies.

New Jersey regulators commend insurers for their handling of claims in the aftermath of Hurricane Irene.