Putting an end to about five years of litigation, a federal judge in Connecticut has given her final approval of a $72.5 million settlement involving The Hartford Financial Services Group.

Recently, Mississippi Insurance Commissioner Mike Chaney said a rate request from Allstate for a 44 percent average statewide increase in homeowners insurance was not justified by actuaries.

A federal judge in New York has denied a request by American International Group (AIG) to have a securities fraud class action lawsuit against it dismissed.

Plaintiffs' attorneys are stepping up their attack on medical liability tort reforms in several states and having success with the rollback of legislation in Illinois and Georgia, overturning caps on noneconomic damages, or pain and suffering.

Health care reform "is going to change everything" for medical professional liability insurers--and not necessarily for the better, warns the top executive of one of the largest writers of the coverage in the United States.

The Florida Office of Insurance Regulation has approved an average statewide homeowners insurance rate increase for Citizens Property Insurance Corp. of 10.3 percent--slightly more than the state-run insurer asked regulators to approve.

In seeking directors and officers' coverage Peter G. McDonough, general counsel for Princeton University, said he is primarily concerned with defense cost certainty. "Retention is what I really care about."

New York's insurance regulator has outlined several proposals to ensure consumers have access to homeowners insurance, but insurance associations believe he is fixing a problem that doesn't exist.