Allstate Corp. has filed a lawsuit against J.P. Morgan Chase & Co. over more than $750 million in mortgage-backed securities purchased from the banks.

Liberty Mutual Group is in no rush to enter the equity markets as it had planned last year, according to its chief executive officer.

Insurance industry trade associations are working with the New York governor’s office to discuss differences of opinion regarding a plan to merge the state’s insurance department with the Department of Banking and the Consumer Protection Agency.

American International Group Inc.’s $4.1 billion charge to bolster the reserves of its property and casualty unit, Chartis, means AIG will need to raise prices, said William R. Berkley, chief executive officer of W.R. Berkley Corp.

A federal judge in New Orleans has denied requests by more than a half dozen insurers to have Chinese drywall litigation against them rejected.

The insurance industry is applauding the introduction of a bill that could corral costs related to fraud and abuse of New York’s no-fault automobile insurance system.

A.M. Best does not expect a turn in the property and casualty market in the near term though the rating agency points to several possible obstacles.

American International Group Inc. (AIG) said it expects to record a $4.1 billion charge in the fourth quarter to bolster loss reserves for its Chartis property and casualty unit.