Markets

A House panel has reported out flood insurance legislation and two other bills dealing with natural catastrophes, but only the flood program has unanimous industry backing.

There's no clear answer as to whether fraud litigation brought against Goldman Sachs by the U.S. Securities and Exchange Commission will fuel a new wave of credit crisis lawsuits.

While program carriers have found property and casualty business opportunities in everything from auto repossessors to fine arts in recent months and years, some are eyeing new business potential in the accident and health space.

Directors and officers insurance experts found little to celebrate in a report declaring an end to securities lawsuits arising from the credit crisis, and Goldman Sach's recent troubles had them throwing more cold water on positive findings.

Although none of its clients were harmed financially, Acordia insurance brokerage should pay a penalty for failing to tell them it had a special compensation arrangement with certain carriers, a judge has ruled.

The return on catastrophe bonds increased 11 percentage points over the last twelve months with North America Wind bonds leading the pack, according to a report from Aon Benfield Securities.

The Insurance Information Institute is warning that levying a federal tax on property and casualty insurers to pay for the bailout of failed financial institutions would "constitute a significant policy error."

Securities lawsuit filings fell by 39 percent in the first quarter, according to a report by Advisen, which noted that several high-profile stockholder actions were dismissed as well.