The firm has its eyes on a company "with a lot of intellectual capital," said Frank J. Coyne, the Jersey City-based ISO's chief executive officer, president and chairman, speaking at ISO's annual meet

Oldwick, N.J.-based insurance rating service A.M. Best Co. has downgraded the financial strength rating to "B (Fair)" from "B-plus (Good)" and issuer credit rating to "double-b" from "triple-b-minus"

Sen. Max Baucus, chairman of the Senate Finance Committee, in a white paper also proposed setting up an insurance exchange, which he described in the white paper as a "sort of government-administered

Progressive's chief executive said the insurer does not need to raise cash, but it has developed several plans to do so in a crisis, and keeping a profitability level at a 96 point combined ratio is k