New Yorks chief regulator indicated he is not satisfied with insurers answers about why force-placed-insurance rates are so high when losses continue to be low.

Dog bite claims increased 16 percent in 2011 compared to 2010, and have grown close to 48 percent since 2003, according to figures released by the insurance industry.

Bond insurer Ambac Assurance Corp. received permission from its Wisconsin regulator to purchase surplus notes the company issued in 2010, but did not get permission to pay interest on the notes.

Bond insurer Ambac Assurance Corp. received permission from its Wisconsin regulator to purchase surplus notes the company issued in 2010, but did not get permission to pay interest on the notes.

Two New York State senators are considering hearings on the split of MBIA after banks raised questions about the move during a hearing in Manhattan.

New York State regulators intend to expand their review of insurance coverages beyond force-placed insurance programs, according to Benjamin M. Lawsky, superintendent of Financial Services.

New York State regulators intend to expand their review of insurance coverages beyond force-placed insurance programs, according to Benjamin M. Lawsky, superintendent of Financial Services.

Just in case this weekends NATO summit in Chicago leads to violence and rioting, as has happened in other cities hosting world leaders, at least one insurer is reminding risk managers to prepare for the worst and hope for the best.