Risk Management

Current market conditions may be the "new normal"--lasting for several years-- industry leaders predicted recently, with one attributing the continued softness to the absence of American International Group's historical price leadership.

The National Flood Insurance Program will pay claims for damage to homes and contents from oil driven ashore during hurricanes, its officials announced earlier this month.

Fear of wage-and-hour claims is escalating among buyers and sellers of employment practices liability insurance, with sellers' fears limiting EPLI solutions for small employers--and resulting in none at all for the largest ones, market participants report.

If the U.S. Immigration and Customs Enforcement opened a costly investigation of your business and employment practices, would the legal costs be covered under your existing employment practices liability insurance policy?

Proposed legislation denying tax deductions for reinsurance premiums paid to offshore affiliates will likely pass through Congress, a Bermuda executive predicted recently, but he criticized the measure as a restriction of free trade.

XL Re Ltd. is the first reinsurance company from Bermuda to operate in Florida without having to put up 100 percent collateral.

Federally mandated insurance is preventing many contractors from taking part in the oil cleanup in the Gulf of Mexico from the BP oil spill.

The Geneva Association, International Association for the Study of Insurance Economics Body, said it supports a study by the International Association of Insurance Supervisors about systemic risk in the insurance industry.