Ambac Financial Group reported a 2009 first quarter net loss of $393.2 million, narrowing its loss in comparison to the 2008 first quarter net loss of $1.7 billion.

Florida Gov. Charlie Crist has vowed to sign legislation that could raise home coverage rates up to 10 percent for more than one million policyholders with the state-created Citizens Insurance Corp.

Zurich Financial Services reported a 2009 first quarter net income of $362 million, a 75 percent drop from the 2008 first quarter figure.

The U.S. Supreme Court's decision this week, that a company must show intent to dispose of chemicals to be liable as an "arranger" under the "Superfund Law," could benefit corporations caught up in potential liabilities.

Liberty Mutual Group reported first-quarter net income of $28 million, a 92.2 percent decrease from the $360 million in net income reported in the 2008 first quarter.

The Florida Legislature has given final passage to a bill reinstating an attorneys' fee cap in workers' compensation cases in response to a State Supreme Court ruling that an existing fee restriction was unenforceable.

As consumers deal with the fallout from the recession, some are cutting back on coverage when insuring non-essential luxury items such as boats and other recreational watercraft--a short-sighted step that could come back to haunt them, carriers warn.

For the growing number of aging workers, employers should modify the workplace, engage the work force, institute wellness programs and tailor jobs for older employees to avoid costly comp claims, risk management experts suggest.