E&S/Specialty

The global recession has demonstrated that insurers' reliance on the capital markets to fund catastrophe risk can put them at financial risk, said the president of the Insurance Information Institute.

American International Group has paid back about $62 billion of its $183 billion debt to the government, but whether it can repay the full amount is unclear, a government study said yesterday.

The U.S. Senate Finance Committee this week could add specific provisions curbing the cost of medical malpractice lawsuits when it acts on broader health reform legislation this week.

Federal and state activity to create rules and laws for the insurance industry has surged this year increasing demands on carrier resources, a consulting firm said.

A large majority of insurance executives in the United Kingdom believe that if the government does not overhaul the tax system there will be a drop in the number of insurers based there, a trade group survey finds.

The decline in insurance prices is finally showing signs of hitting bottom, with commercial property and casualty premiums overall dropping an average of 5 percent last month--half the rate of one year ago, MarketScout's "barometer" survey found.