Hefty claims against financial institutions, sparked by slumping stock prices, has professional indemnity and directors and officers insurance prices soaring for that sector, a report said. Second-quarter rate hikes for D&O and indemnity coverage for financial institutions are averaging 15 percent, ... [full story]

DETROIT (AP) — None of the six most-popular midsize sedans earned a top rating in bumper safety in the latest crash tests performed by the Insurance Institute for Highway Safety. The Mazda 6 was the only car to receive ... [full story]

Commercial property/casualty rates dropped 6% on average in July compared with the same month a year ago, MarketScout said Wednesday. Rates decreased for all sizes of U.S. accounts and classes of business, the Dallas-based electronic insurance exchange said. General liability coverage ... [full story]