While the work of financial rating agencies is unsatisfactory, it's not a job insurance regulators should attempt, industry trade group leaders here warned.

Property-casualty insurer Tower Group Inc. in New York will acquire Chicago-based Specialty Underwriters' Alliance, Inc. for $107 million, it was announced today

The role of government in the American insurance market increased in 2008, according to a 50-state study released by two conservative think tanks.

Government supports for terrorism risk insurance are growing globally, although some countries provide no backing, according to a study by reinsurance brokerage Guy Carpenter Inc.