A searing minority report by Republicans has scored the Federal Reserve and Treasury for being "deceptive and dishonest" about the government bailout of American International Group.

When the U.S. recession finally ends, workers' compensation systems will have to function in a "shrunken new normal" economy requiring cost cuts, one leading industry figure warned.

The Obama administration's proposed new tax, that would hit insurers with assets of $50 billion or more, will have a modest dollar cost and credit impact on the insurance industry, Moody's Investors Service said.

The initial magnitude 7.0 earthquake that caused catastrophic death and destruction in Haiti on Jan. 12 was virtually uninsured, although the insurance industry quickly rallied last week to help raise relief funds for the devastated nation.

Auto insurers missed $15.9 billion in 2008 premiums because of rating errors primarily due to consumer fraud, a rating integrity solutions firm said.

Catastrophe modeling firms' hurricane damage predictions overestimated insured losses for a second year, according to a catastrophe prediction consulting firm.

Revising its estimate upward, Eqecat catastrophe modeling firm said it now estimates economic damage from Tuesday's earthquake in Haiti to be in the low-single-digit billions of dollars.

The workers' compensation indemnity costs for injured workers aged 65 and older are generally lower than younger employees because they are generally paid less, according to a new study.