E&S/Specialty

New rules that expose executives and directors of troubled financial-services institutions to unexpected negative consequencesincluding the possible loss of their salaries and other compensationhave sparked the creation of a new insurance coverage.

While the royal couple may not be updating their homeowner's policy to include items such as the crown jewels, there are nevertheless insurance issues to consider for the newlyweds and their millions of “guests” prior to the I do’s.

Three insurers and reinsurers report 2011 first-quarter net losses due to natural catastrophes.

While underwriters have tried to hold the line on premiums, capacity is high and their resolve has shown some “cracks,” says Advisen’s executive vice president.

William R. Berkley, chairman and CEO of W.R. Berkley Corp., says the company isn’t planning any celebratory parties, but for the first time in about four years the commercial-lines writer can say prices during a quarter were up, albeit very slightly.

An anonymous donor has purchased a $50,000 insurance policy to help an Oklahoma woman keep her pet kangaroo as a therapy pet. After you see pictures of Irwin, you will understand why.