The Vermont Captive Insurance Association said it has selected Richard Smith, a veteran Vermont state official with "political savvy," as the group's new president.

Validus Holdings $1.6 billion acquisition of IPCRe Holdings--completed Friday after a bitter takeover battle--drew different reactions from three rating agencies.

While predictive modeling won't replace knowledgeable insurance adjusters and underwriters, it is the wave of the future for the workers' compensation industry, a trio of experts here stressed.

Unconventional threats to the workers' compensation system are multiplying, ranging from Medicare set-aside hassles, to recession-related challenges, to employer's liability complications, experts warned at an industry conference here.

An insurance regulators' poll of small businesses finds nearly two thirds of owners lack the know-how to pick a health plan fitting their company's finances and workers' needs.

William E. Bailey--special counsel to the Insurance Information Institute and host of the syndicated talk radio program, "It's Your Money!"--died on Aug. 21 at the age of 68.

Despite American International Group's recent profitable quarter, Moody's Investors Service said its outlook remains negative and it has doubts about the company's ability to fully repay its government loans.

Federal legislation is needed to standardize the payment of workers' compensation awards, as well as lower medical costs and remove litigation from the system once and for all, according to Terry Fleming, VP of RIMS.