A recent ruling by the New York Court of Appeals opens the door for estates to sue attorneys, which could ultimately result in an increase in professional liability insurance premiums, predicts an executive.

The U.S. Securities and Exchange Commission has ended its investigation of American International Group Inc. (AIG) and Joseph Cassano, former head of the company's Financial Products unit.

Kingsway Financial Services Inc. said it is looking to dispose of non-standard automobile insurance subsidiary, Mendota Insurance Company.

The Florida Office of Insurance Regulation (OIR) said it has reached an agreement with a second reinsurer to participate in the state's market under modified regulatory terms.

Hopes the insurance industry had of politicians putting disagreements aside to reauthorize the National Flood Insurance Program (NFIP) were dashed today in Washington, as the Senate voted against legislation to restart the program.

A federal judge granted preliminary approval of a $72.5 million settlement between The Hartford Financial Services Group Inc. and a class of more than 21,000 people who alleged the insurer underpaid personal injury and workers' compensation claims.

Florida domestic insurer Olympus Insurance Co. has satisfied state regulators with a corrective action plan to rectify concerns about the company's solvency.

Florida domestic insurer Olympus Insurance Company has satisfied state regulators with a corrective action plan to rectify concerns about the company's solvency.