Markets

It never rains, but it pours. The economy is not just sapping revenue from architects and engineers, it is increasing professional liability risk.

Not every new insurance idea is a roaring success out of the gate, but a change in delivery model helped jumpstart the success of one of NAS Insurance Services many specialty programs, the firm's leader reports.

During the past two years, the number of lawsuits against recreation and entertainment business venues has steadily risen. In today's struggling economy, even the smallest incident can result in a lawsuit.

Munich Reinsurance America Inc. announced it has changed its brand name from Munich Re America to Munich Re and adopted the Munich Re logo for all marketing materials.

MarketScout, the electronic insurance exchange, said its composite rate for U.S. property and casualty insurance coverage was down 4 percent in March.

The Maryland legislature has rejected legislation that would have imposed an outright ban on the use of credit information in rating automobile insurance.

In the second segment of a two-part interview with NU, John T. Hill II, chairman of the National Association of Mutual Insurance Companies, comments on the advantages enjoyed by mutual insurers, as well as the challenges they face.

Steven N. Weisbart, senior vice president and chief economist at Insurance Information Institute, explains in an interview with National Underwriter why most p&c insurers came through the financial crisis in relatively good shape.