The North Carolina Department of Insurance said 10 people were arrested and six others are being sought in connection with an alleged staged auto accident ring.

The North Carolina Department of Insurance said 10 people were arrested and six others are being sought in connection with an alleged staged auto accident ring.

The North Carolina Insurance Underwriting Association, better known as the Beach Plan, must get back nearly $16.5 million it doled out to member insurance companies in 2009.

The Florida Chamber of Commerce has thrown its support behind this year’s omnibus insurance bill, which closely mirrors last year’s version that was vetoed by then-Gov. Charlie Crist.

A federal judge in Louisiana has dismissed a whistleblower lawsuit against Allstate Insurance Company, Liberty Mutual and several other insurers.

A federal judge in Mississippi has denied State Farm’s request to have a Katrina-related lawsuit against it dismissed.

Proposed changes to insurance contract accounting will introduce volatility into financial statements, according to Standard & Poor’s.

Due to a decrease in net favorable prior-year reserve development and an increase in catastrophe losses, The Travelers Companies reported a 30 percent drop in 2010 fourth-quarter net income compared to the prior year’s fourth quarter.