House passage of financial services reform legislation is drawing a mixed response from the property and casualty insurance industry....

Reinsurance and excess and surplus lines purchases would be governed by the tax policies, licensing and other requirements of the buyer’s home state......

When Michael Turk, senior consultant for Towers Perrin, pulled together figures for his firm’s annual directors and officers liability insurance survey back in 2007, something just didn’t seem right....

There has been a proliferation of Side-A-only insurance forms to cover directors and officers in recent years, but few know the history of the underlying coverage of the full D&O policy—a policy now more than seven decades old....

Florida’s year-long, acrimonious battle with State Farm over its threat to leave the state’s homeowners insurance market ended last week with the company winning a 14.8 percent rate increase and permission to drop 125,000 policyholders....

Although less than a quarter of independent agents and brokers responding to a recent survey are using social networking in their marketing plans, almost 20 percent are considering it....

Insurers are increasingly offering products and promoting behavior that address the growing risk of climate change....

The United Nations Climate Change conference in Copenhagen is a reminder of the range of new insurance products and services available to people interested in “going green,” according to the Insurance Information Institute....

Regulators are poised to begin exploring how to gather data on insurer use of credit information to determine premiums, and might even expand their study to examine other rating factors in underwriting....

The insurance and journalism worlds lost one of their best last week when Philip “Phil” Schreiner, former editor of Claims magazine, passed away on Dec. 10 after a short battle with lung cancer at the age of 66....

Back in January, Brian Duperreault, president and CEO of Marsh & McLennan Companies, said the property and casualty industry was entering its “first ‘invisible’ hard market.” ...

Although the need for a federal bailout of the troubled American International Group created demands for strong federal regulation of insurance, to this point the industry appears to have preserved state oversight for property and casualty carriers....

Despite deep divisions within its own ranks and united opposition from Republicans, Democrats appeared to be moving closer and closer at year’s-end to landmark legislation reforming the nation’s health care system....

The most prolific headline-generator by far this year was AIG, which struggled to regain its credibility and repay its debt to taxpayers after a massive federal bailout....

If the insurance industry had the equivalent of baseball’s “Comeback Player Of The Year” award, the winner in 2009 would no doubt be Maurice Greenberg....

Amid the rebuilding efforts after the 2004-2005 hurricane seasons, and in the midst of a housing boom, domestic drywall was in short supply. Imports from China filled the gap, and that decision has apparently created more problems than it solved....

If there was a listing of individually initiated financial disasters, the depredations of Ponzi-schemer Bernard Madoff might rank at the top, but opinions may differ on how much of an insurance catastrophe he has created....

The quietest storm season in more than a decade prompted Congress to keep postponing permanent resolution of one of the country’s biggest insurance challenges—how best to reform the debt-ridden National Flood Insurance Program....

The debate over whether the major brokerages should be allowed to earn contingency fees for delivering a certain volume or quality of business to carriers raged anew this year after Illinois eased restrictions over the practice....

Whether the H1N1 virus has run its course is unknown, but the fact is while many organizations have taken precautions, others are still unprepared for a pandemic event in what turned out to be the top risk management story of the year....