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The shared risk that makes insurance such a viable industry can become financially devastating when thousands of claims pour in following an event like a hurricane, flood, or earthquake.

Utter the phrase, "pedestrian hit" to most adjusters, and it will conjure up thoughts of hospital bills, assessments of negligence, and injury settlements -- to name but a few.

American International Group President and CEO Robert Benmosche will receive an annual salary that could reach up to $10.5 million, according to a proposal submitted by AIG and approved by TARP's Kenneth Feinberg.

Overall satisfaction with homeowners insurance increased significantly for the first time in five years, driven by favorable customer perceptions of the value of their policies, according to a J.D. Power and Associates survey.

The property and casualty insurance industry in general supports creating a Federal Office of Insurance, according to testimony yesterday before Congress, but some trade groups are at odds on its scope.

Insurers are embracing new technologies and trying to buck their reputations as late adopters. More and more, they are connecting to their policyholders in a unique way.

We will never know exactly how Katie Froeschle ended up inside a rental home, where she was clubbed to death with a motorcycle muffler pipe. But we can still learn from her.

This month, we look at fraud cases from Kentucky, North Carolina, California, and Maryland.