Commercial Lines

Insurance company shares were mixed Tuesday amid speculation that the industry might see premiums increase given the slate of recent natural disasters and uncertainty over the upcoming hurricane season.

PropertyCasualty360.com's Agent & Broker Channel Editor Laura M. Toops is twittering every day about breaking news and timely topics—not to mention keeping readers up to date on agent and broker-related news and analysis being posted on PropertyCasualty360.com

A U.S. Appeals Court has thrown out a suit against American International Group Inc. directors and officers, stating that the plaintiffs failed to show that the AIG officials were not acting in the best interest of the company as they faced the subprime market meltdown.

The impact of social media on employment claims was a hot topic at the most recent International Conference of the Professional Liability Underwriting Society in San Antonio.

Another chapter has closed on the contingent-commission kickback saga with an agreement reached between a group of insurers and insurance brokers—and their clients who alleged the industry tried to manipulate the business.

As demonstrated by the case of Lilly Ledbetter, which spawned the Fair Pay Act of 2009, what appears a non-issue today might not be tomorrow. This makes the purchase of employment practices insurance vital for small and midsize businesses, according to Burns & Wilcox Manager Dick Weaver