Louisiana Insurance Commissioner Jim Donelon's first choice to take over the state's residual market insurer has declined the job, Commissioner Donelon's office said.

CNA Financial Corp. has entered into an agreement with Berkshire Hathaway Inc. to transfer its legacy asbestos and environmental pollution liabilities to Berkshire's National Indemnity Company (NICO).

Insurers Hanover Insurance group, State Auto Financial Corp. and Argo Group International Holdings Ltd. announced tens of million of dollars in losses due to catastrophes in the 2010 second quarter.

Two Allstate subsidiaries in Florida are asking regulators to approve 33 percent and 18 percent average statewide rate increases for homeowners insurance based on the fact that loss expenses are exceeding premiums, Allstate said.

Charles M. Angell is set to become the new chief executive officer of Louisiana Citizens Property Insurance Corp., the state's insurance department has confirmed.

The industry's latest bout with the credit-based insurance scoring opposition ended with a victory in Michigan's highest court.

Insurers, treat your claimants well.

Liberty Mutual Insurance Company has sued Goldman Sachs & Co., alleging that the investment bank misled the insurer about two now-worthless preferred stock offerings of the Federal National Mortgage Association (Fannie Mae).