The American Law Institute is working on a project called 'Restatement of the Law of Liability Insurance,' but it may not accurately represent the law as it is.

A new report from Lloyd's and RMS proposes more use of downward counterfactual risk analysis to better predict losses and mitigate risks.

Southern Vanguard Insurance Co. of Houston alleges the two conspired in a 'fraudulent scheme' to submit storm damage insurance claims with the intent of financially benefiting themselves instead of homeowners.

The measure, passed 82-17, gives Puerto Rico access to $4.9 billion in low-interest Treasury loans and would also replenish the troubled National Flood Insurance Program, which runs out of money as early as this week.