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In response to the New York insurance superintendent's inquiry into its possible illegal participation in unregulated insurance markets, Allstate has provided an affidavit that it is operating legally.

A coalition of insurers and other groups announced a seven point plan they said could cut hurricane losses dramatically, if public officials and the private sector see to its adoption.

A coalition of five producer trade groups representing the life, property-casualty and health insurance industries wrote key members of Congress yesterday urging them not to rush through health care reform.

An annual survey of risk managers has found a gap between senior management and risk managers over what they perceive as the major perils a company should focus on.

The insurance industry will need to improve risk management, technology and cost-cutting strategies to survive the "deepest financial crisis and recession in two generations," a consulting firm is advising.

The European Parliament yesterday approved a Solvency II agreement that would take effect in 2012, providing a broad legal framework strengthening insurer capital requirements and supervision.

As a one-year mandatory medical malpractice rate freeze is set to expire at the end of June, interested stakeholders wait to see if state leaders will come up with a plan to address the state's worsening market.

Over the last three months, London market insurers reported an average premium reduction of eight percent on renewal business for the commercial sector's directors and officers liability insurance , according to Willis Group Holdings.