The 17th named storm of the 2010 Atlantic hurricane season has formed and it is expected to intensify.

Farmers Insurance has filed a lawsuit against a three-time felon who passed himself off as an insurance adjuster, and two attorneys, alleging

BP Exploration & Production said it will waive a $75 million liability cap in the Oil Pollution Act (OPA) and urges other "responsible parties" of the Deepwater Horizon disaster to do the same.

A new study from the Insurance Research Council (IRC) concludes that state-run residual markets have unintentionally provided the means for development in vulnerable coastal areas while some plans face an increasing risk of insolvency.

Allstate Corp. said it has reached a $10 million multi-state agreement to create what it calls an "education fund" for regulators.

Insured losses from Super Typhoon Megi in the Philippines will likely be less than $150 million, according to modeler AIR Worldwide.

Allstate Corp. said it has reached a $10 million multi-state agreement to create what it calls an "education fund" for regulators.

The Ohio Insurance Institute (OII) said insured losses from severe weather in September that included 11 tornadoes come to more than $17 million.