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Retail brokers may start seeking larger cuts of the commissions paid out on surplus lines transactions as the soft market continues, a specialty lines insurance executive suggested recently.

William Berkley, who heads a group of U.S. insurers working to close what they see as a tax loophole for foreign insurers, suggested that critics are launching empty threats to thwart his coalition's efforts.

The Mexican earthquake in early April with effects in California created a loss for insurers estimated at more than $300 million, according to reinsurance broker Aon Benfield.

Consumers in foreign insurance markets surveyed by Accenture are willing to shop for new insurance providers, and are increasingly shopping online for coverage, an activity that mirrors U.S. trends, an Accenture representative said.

Ted Kelly, head of Liberty Mutual Group, speaks with NU Editor Sam Friedman about how his company's multimedia branding initiative, "The Responsibility Project," reflects his corporate culture of "doing the right thing."

Arthur J. Gallagher & Co. insurance brokerage announced it has acquired Securitas Re of Sao Paulo, Brazil, from Estater Gestao de Investimentos Ltda. Financial terms of the transaction were not disclosed.

Rates for mining property damage and business interruption (PD/BI) insurance are likely to soften in 2010 but could harden again should this volatile sector experience a catastrophic loss, according to a report from Willis Group Holdings plc.

In response to high fuel prices, several car makers are introducing a smaller class of vehicles. But these cars may be prime candidates for totaling out, and the potential impact of more total losses on the collision repair marketplace could be huge.