E&S/Specialty

A federal jury in Manhattan, after an 11-week trial, found Exxon Mobil liable for a $105 million in damages for contaminating part of the New York City well water supply.

One of the few growth areas of the economy is the elder care industry.

If an underwriter stopped by the office a few years ago and proposed that drywall leads to significant pollution liabilities, you probably would have laughed.

A federal report on Chinese drywall found the building material contains higher concentrations of bothersome chemicals, but said these would not cause the health issues or physical degradation of property that have been seen.

The depth of reductions in U.S. property and casualty insurance rates, which had been slowing over the course of 2009, accelerated again last month, MarketScout reported.

Property and casualty insurance trade groups are lauding Senate Democrats' decision to include provisions modernizing and reforming the surplus lines industry in legislation they unveiled for financial services regulatory reform.

The chairman of the Senate Banking Committee unveiled an omnibus financial bill that would require a study of ways to modernize insurance regulation and creation of an Office of National Insurance.

Legislation to modify the federal antitrust exemption for health and medical malpractice insurers "will have no significant effect" on premiums charged for private health insurance, the Congressional Budget Office has determined.