INDIANAPOLIS (April 27, 2009) – Legislation before a Maine legislative committee is unnecessary and would lead to higher costs for individuals and businesses, according to the National Association of Mutual Insurance Companies (NAMIC). Rather than helping insurance consumers as its ... [full story]

U.S. Transportation Secretary Ray LaHood on Friday said he planned to urge carmakers to crash-test child safety seats in their vehicles and recommend which child restraints are the safest in each auto, responding to a Chicago Tribune investigation. If ... [full story]

NEW ORLEANS - New Orleans should increase the strength of new levees being built to protect against catastrophic hurricanes, elevate more houses and abandon neighborhoods that rest below sea level, an independent research panel said Friday. Levees under construction by ... [full story]

Compared with life insurers and many other financial-services companies, shares of insurance firms that cover property damage and legal liability, known as property/casualty companies, have weathered the market downturn well. But the industry's profit fell 96% last year, and it would ... [full story]