Despite some large payouts to wealthy homeowners stung by the Madoff Ponzi scheme, it is unlikely that property underwriters will set about revising coverage language for fraud, an expert said. Robert P. Hartwig, president of the Insurance Information Institute, commented on ... [full story]

The 1994 Honda Accord ranked as the most stolen vehicle in the United States in 2008, according to the National Insurance Crime Bureau’s (NICB) “Hot Wheels 2009” report. At the same time, the NICB said that the preliminary 2008 FBI Uniform ... [full story]

NEW YORK (Reuters) - Private weather forecaster WSI Corp said on Monday it still sees a quiet 2009 Atlantic hurricane season with conditions not conducive to an active year for violent storms. WSI's updated forecast predicted a season of 10 named ... [full story]

Reinsurers generally increased their level of capital the first half of this year, with some regaining more than half of what they lost as a result of last year’s hurricanes and financial shocks, says Guy Carpenter & Co. L.L.C. in ... [full story]