E&S/Specialty

When contractors are in the market for insurance, they may focus solely on cost and coverage level.

Professional liability brokers repeatedly receive requests from insureds to add the insureds' clients onto their errors and omissions policies as additional insureds. As outsourcing has become more prevalent, so has this request.

"Greenwashing" sounds like a reference to environmentally friendly laundry products, but when the term is applied to construction or property management operations, it can signal decidedly unfriendly consequences for participants in the building process.

The head of a House committee said he will hold a hearing to probe allegations that Federal Reserve Bank of New York officials told American International Group not to disclose information about bailout arrangements.

Vermont officials reported that despite the weak economy last year growth continued strong for the licensing of captive insurers in the state.

New York Gov. David A. Paterson's call for reviving the New York Insurance Exchange has met with generally positive reviews with some agent associations saying they would welcome participating in the process.

The head of MarketScout, the electronic insurance exchange, said the firm's composite rate index for property and casualty insurance was down 4 percent at the close of calendar-year 2009, but he predicted an upswing for this year.

Insurance actuaries have the nation's best jobs, according to the Careercast.com Web site that annually rates occupations based on hiring outlook, work environment and other factors.