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Product Recall Insurance is one of the more high-profile products in the Excess & Surplus arena, with some 59 million products recalled last year and product-recall claims hitting seven figures. Click to see the Top 10 Product Recalls in 2012.

Modified vehicles, whether they are vans for the disabled or stretched luxury limos, are vulnerable to litigation.

Rating agency Moodys says second-quarter earnings among P&C carriers are likely to be pressured by losses paid on the May 20 tornado in Moore. Okla.

Being able to procure data and high-res imagery after the storms will help insurers assess damage accurately to speed claims resolution.

In cat claims handling, certain touchpoints can breed bad faith allegations, not to mention plenty of bad press for insurers. Cultivating best practices will mitigate needless litigation.

In its first earnings conference call since ending litigation with banks over the insuring of structured financial instruments this week, MBIA Inc. executives breathed a huge sigh of relief and spoke about a reinvigorated future for the guarantee insurer.

The CEO of MarketScout says Berkshire Hathaways hiring of four seasoned executives away from American International Group could disrupt commercial market rate increases should the company decide to enter the primary marketplace to expand its market share.

A federal jury in Mississippi has ruled that State Farm committed fraud against the governments NFIP following Hurricane Katrina.