Crop-insurance losses in 2012 due to drought conditions amount to a record $14.2 billion, and are continuing to climb, industry officials were told Wednesday.

U.S. Senator Charles Schumer, D-N.Y., made clear to the Treasury Department that renewal of the Terrorism Risk Insurance Act will be one of his top priorities for this Congress. Treasury Secretary designate Jacob Lew says he is not familiar with Obama administration stance on the issue.

U.S. Senator Charles Schumer, D-N.Y., made clear to the Treasury Department that renewal of the Terrorism Risk Insurance Act will be one of his top priorities for this Congress. Treasury Secretary designate Jacob Lew says he is not familiar with Obama administration stance on the issue.

The Federal Emergency Management Agency is coming under heavy fire for its handling of Superstorm Sandy flood claims in New York and New Jersey. The criticisms extended to Write-Your-Own companies that in many cases process flood claims for FEMA.

The Federal Emergency Management Agency is coming under heavy fire for its handling of Superstorm Sandy flood claims in New York and New Jersey. The criticisms extended to Write-Your-Own companies that in many cases process flood claims for FEMA.

Fannie Maes plan to reduce the cost of forced-place insurance by bringing in new specialty lenders was scotched by its regulator Monday, prompting outrage from consumer groups.

Fannie Maes plan to reduce the cost of forced-place insurance by bringing in new specialty lenders was scotched by its regulator Monday, prompting outrage from consumer groups.

The Department of Housing and Urban Development has finalized a federal regulation it says introduces uniform disparate-impact criteria to the sale of homeowners insurance, prompting claims of regulatory overreach by industry officials.