BP said it estimates it will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the oil ...

Republicans and some moderate Democrats in the U.S. Senate Wednesday began picking apart a new energy bill that they complained goes too far in holding oil companies ...

A majority of Americans believe that laws allowing people to sue their own auto insurance company for punitive damages, in addition to receiving benefits for their insured ...

A former Pennsylvania insurance agent has been sentenced to three years in prison for his role in scheme to steal hundreds of thousands of dollars in premiums, according to the ...

Massachusetts-based OneBeacon Insurance Group said it is launching a new E&S lines business and has appointed Dennis Crosby as president of the business, OneBeacon Excess ...

Boston-based medial professional liability insurer ProMutual Group will begin selling coverage in Virginia through its member company, ProSelect Insurance Co. Tom Murphy has ...

Foremost announces their DISTINCTCHOICE auto program in New York. Foremost's new auto program is designed with increased limits, deductible options and important coverages for ...

Connecticut-based managing general underwriter Target Insurance Services has named Mark Diette as senior vice president in charge of business development. Diette, who will ...

Attorney General Wayne Stenehjem says North Dakota's crime rate dropped slightly last year, but the number of violent crimes rose. A new report provides North Dakota statistics ...

Louisville, Ky.-based insurance broker Neace Lukens has opened a new office in Dayton, Ohio. The new office consists of two full-time employees. Michael Ward joins as vice ...

Dennis Smith of Columbia, Mo., has been honored as the Missouri Association of Insurance Agents' Insurance Person of the Year. The award was given at MAIA's annual Leadership ...

Phoenix-based Camelback Captive Services Inc. has appointed Justin C. Mead executive vice president. He will be responsible for business development of the firm's captive ...

South Carolina liquor stores, bars and their owners may be liable for injuries caused by a patron they "knew or should have known" was intoxicated even if the customer does not ...

Louisville, Ky.-based insurance and benefits broker Arison Insurance Services, Inc. has acquired London, Ky. based insurance broker, Benefits Solutions, LLC. The acquisition ...

A Winterville, North Carolina mother and daughter have been accused of conspiring with one another to alter medical bills and submit them to Farm Bureau Insurance Co. They ...

A Houston Court of Appeals has dismissed a case involving workers' compensation benefits claim disputes with Texas Mutual Insurance Co. in a move that according to the insurer ...

Crews are working to cap a new oil leak in a Louisiana coastal inlet after a barge slammed into an abandoned well on July 27, sending a shower of water, natural gas and oil ...

The Oakland City Council has given final approval to a plan that makes Oakland the first city in the country to authorize large-scale industrial pot cultivation. The city ...

SeaBright Holdings Inc. announced that its subsidiary, SeaBright Insurance Co., has filed a 15.3 percent rate increase with the California Department of Insurance. The Company ...

A.M. Best Co. has downgraded the financial strength rating to 'B+' (Good) from 'B++' (Good) and issuer credit rating to "bbb-" from "bbb" of San Bruno-based Business Alliance ...

Bolton & Co. announced that Phillip D. Williams has been promoted to assistant vice president in the OneSource Division. Williams began his insurance career in 1996 as an ...

Tustin, Calif.-based Yates & Associates announced that Pat Piccinonno has joined the firm as property/casualty underwriter. He will be responsible for new business ...

Melting glaciers, more humid air and eight other key indicators, show that global warming is undeniable, scientists said Wednesday, citing a new comprehensive review of the ...

A Japanese supertanker, which triggered fears of an attack in the sensitive Strait of Hormuz oil shipping route, collided with something, possibly a submarine or mine, UAE port ...

The Bermuda-based Everest Re Group reported second quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $184.8 million, or $3.18 ...

French reinsurer SCOR had a very satisfactory second quarter with net income of €120 million ($156.75 million), compared to €91 million ($119 million) in the second ...

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the second quarter of 2010 of $108.9 million, or $1.28 per diluted share. Operating earnings, ...

Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $58.6 million and $0.97 per diluted common share for the second quarter of 2010, compared to net income ...

Torus Insurance is "continuing the rollout of its Continental European operation," notes a company bulletin. It announced the appointment of Esther Fittinghoff as Professional ...

Standard & Poor's Ratings Services has raised its counterparty credit rating on Arch Capital Group Ltd. to 'A-' from 'BBB+'. S&P also raised its counterparty credit and ...

A.M. Best Co. has affirmed the financial strength rating of 'A '(Excellent) and issuer credit ratings of "a" of Sweden's Skandia Insurance Company Ltd. and Skandia Life ...