California and Colorado received Awards Insurance Foundation

The Insurance Industry Charitable Foundation (IICF) Western Division awards $74,407 in community grants. Marking its second round of grant funding for 2012, the IICF Western Division increases its yearly grant contributions to $261,534, supporting 51 separate non-profit organizations located across California and Colorado.

Manipulation of insurance policy not pass

The London Borough of Havering has brought successful prosecutions for contempt of court against three people attempting insurance fraud.

Mortgage insurer MGIC's shares plunged 64%

Shares of MGIC Investment Corp. plunged 64% Thursday -- to 88 cents from $2.45 -- after the Milwaukee-based mortgage insurer reported a wider second-quarter loss. MGIC posted a loss of $273.9 million, or $1.36 a share, compared with a loss of $151.7 million, or 75 cents, in second quarter 2011. It was the eighth consecutive quarterly loss for the company.

More than $10.4 million will be distributed among 578 local FRAs

Kansas Insurance Commissioner Sandy Praeger is currently making the annual funds distribution to state and local firefighter relief organizations. The amount is nearly $550,000 more than the 2011 total, according to the state insurance department.

Aviva begins starting pet insurance from 1st August.

The insurer has been selling pet insurance for years and says it is aware that owners worry about finding policies that will cover recurring medical conditions.