E&S/Specialty

Some of the most challenging risks in the event cancellation business are aging performers--whether they're rock-and-roll stars or operatic tenors, according to one managing general agent who specializes in placing contingency insurance for concerts.

While specialty insurers writing coverage for risks ranging from oil platforms, to trucks, to construction projects have reported lower demand in 2009, those working with customers in the sports and entertainment industries still draw crowds.

An International Accounting Standards Board proposal on how insurers should value their risks has drawn fire from an organization of major life and property & casualty insurance and reinsurance companies.

New York's new Insurance Superintendent James J. Wrynn announced that medical malpractice, bond insurers and the life settlement industry will be "must" items for his department.

Eight years after the terrorist attacks of 9/11 caused untold human tragedy and shocked the underwriting world, insurers are seeing a much calmer environment, an industry expert said.

The House passed legislation to reform and streamline regulations for nonadmitted commercial surplus lines insurers and reinsurers.