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As the current economic environment continues to take its toll on The Hartford, the company's chairman and CEO Ramani Ayer, who will be stepping down at year-end, acknowledged how challenging the last nine months have been.

I come, hat in hand, again surveying the dregs left in an empty coffee cup, to see what lies ahead for our property and casualty claim-adjusting industry.

Although the economy has slowed hiring in every sector, recruitment is not an issue that is going to disappear anytime soon, especially for insurance.

Profits at Lloyd's last year plunged to $2.7B--less than half of the $5.66B reported for 2007--but its CEO was counting his blessings, contending the market's positive bottom line was "a pretty good result" given the state of the economy.

Lloyd's reported today that its 2008 profit plunged to $2.7 billion from $5.66 billion in 2007, but its chief executive said the amount was "a pretty good result," given the current financial market.

While the financial market crisis and the deepening recession are being blamed for a drop in captive insurer formations in some domiciles, the captive business is far from dormant, with at least two

With the looming prospect of nearly $2 billion in professional liability claim payments, fallout of an alleged Ponzi scheme orchestrated by Bernard Madoff, insurers will likely embark on more careful

Delivering bad news for directors and officers liability insurers who cover defendants in securities suits, studies show the number of class actions jumped 19 percent in 2008, and that large