American International Group will pay a total of $146.5 million to be distributed among all 50 states following a probe that sought to determine whether the insurer violated premium-reporting rules governing Workers Compensation insurance.

American International Group will pay a total of $146.5 million to be distributed among all 50 states following a probe that sought to determine whether the insurer violated premium-reporting rules governing Workers Compensation insurance.

In 2011, buyers enjoyed a relatively soft market for their Employment Practices Liability Insurance (EPLI). But the pricing pendulum is swinging this year, with insureds seeing, in some cases, increases inching into double-digit territory.

No conversation about the Employment Practices Liability Insurance (EPLI) market is complete without the mention of wage-and-hour claims, notes David Derigiotis, director of professional lines for the specialty-risk division at Burns & Wilcox.

Whether those in the insurance industry think social media is the next big threat to employment practices liability coverage, chatter surrounds the subject and its potential impact.

Despite all the catastrophes of 2011, the year as a whole was income statement-drivenan earnings eventrather than a capital and surplus event.

Philadelphia Insurance Cos. believes its models can provide better prices than the National Flood Insurance Program for some flood-related commercial property risks.

Chartis looks to become the primary resource and insurance provider to the hospitality and leisure industry with the formation of an industry practiuce group, led by former Harrah's Entertainment risk manager Lance J. Ewing.