Foremost Insurance Co. paid a $35,000 fine to Maryland insurance regulators to settle claims it improperly canceled more than 4,800 policies over a seven-year period.

Choosing to help craft a new compensation disclosure rule in New York with regulators versus fighting it in a courtroom, a state agents’ group said it had a “highly productive” meeting on the matter recently.

A new regulation mandating life settlement providers operating in New York to pay a $10,000 licensing fee are set to take effect next month, with one association lauding regulators for not imposing a higher charge.

A bill prohibiting insurers from dropping or failing to renew a policy involving a home containing Chinese drywall is making its way to the Louisiana Senate.

Safeco has launched a new Annual Auto product in Pennsylvania. The Annual Auto product is designed to boost retention by lessening the likelihood of customers shopping for a new policy, company officials said.

Reinsurers rates for January renewals softened, buoyed by improved financial markets and fewer catastrophes in 2009, according to BestWeek.