Following months of rates stuck firmly in a soft market mud, MarketScout reports the overall composite rate for U.S. property and casualty commercial insurance policies measured minus-4 percent in March after four consecutive months of minus-5 percent.

XL Group says pretax losses from the Tohoku earthquake and tsunami will be between $190 million and $290 million.

Foreign reinsurers may be permitted to post less collateral when doing business in New Jersey with legislation signed by Gov. Chris Christie that gives regulators the ability to cut previous full-collateral requirements.

N.Y. Gov. Andrew Cuomo and legislative leaders have agreed on a state budget that includes merging the state’s insurance and banking departments.

A U.S. District Court judge has granted the National Football League Players Association a permanent injunction against the league, resolving a workers’-compensation-related dispute that has gone on for decades.

In their assessments of the likely losses the Tohoku earthquake caused to Japanese non-life insurers, prognosticators revealed the companies had accumulated significant residential catastrophe reserves—something that could not be said of insurers in the United States should a similar event happen here.

Chartis, the property and casualty unit of American International Group Inc. (AIG), says it has reorganized the structure of its management team, with Peter D. Hancock replacing Kristian P. Moor as CEO.

A jury in New York found that Toyota is not responsible for a 2005 crash in the first trial related to the car manufacturer’s recall of eight million vehicles due to unintended acceleration.