Reinsurance

Although economists generally do not expect sharp increases in inflation, insurers should develop plans to consider how they will respond if inflation surges.

"More of the same" and "not very exciting" are phrases that industry experts are using to describe the outlook for Jan. 1 reinsurance renewals.

Although economists generally do not expect sharp increases in inflation, insurers should develop plans to consider how they will respond if inflation surges amid record government spending and aggressive monetary policies, a new Swiss Re study states.

Treasury Department said it expects the combined costs of the Troubled Asset Relief Program and other aid to American International Group will be "about $30 billion."

American International Group is asking a federal judge to deny class-action status to a lawsuit brought against it by a group of insurance companies alleging AIG underreported premiums on workers' compensation policies.

Employment in the property and casualty insurance industry rose two percent in August compared to July, according to the latest U.S. employment statistics, but declined compared to August 2009 by 2.8 percent--or 13,400 jobs.