The penetration of commercial liability insurance is increasing across all industries on a global basis, but experts fear it is underpriced and insurers need to pay closer attention to the risks, a report from Swiss Re says.

IBM has taken a step to reinforce its position in the insurance marketplace with the acquisition of Lombardi, a privately held software company based in Austin, Texas. Financial terms were not released.

On the heels of Fitch Ratings' negative analysis of the insurance industry's near-term future, an analyst with Celent said he is even more pessimistic about the industry than Fitch.

Aon Corp. said Aon Risk Services plans to acquire FCC Global Insurance Services, the captive brokerage subsidiary of Madrid-based Fomento De Construcciones Y Contratas, S.A. (FCC).

On the heels of Fitch Ratings' negative analysis of the property and casualty insurance industry's near-term future, an analyst with Celent said he is even more pessimistic about the industry than Fitch.

The airline insurance market continues its swing to hard prices with a 24 percent increase in rates for 26 airline renewals during the month of December, according to a report from Aon.

A change in statutory accounting rules by the National Association of Insurance Commissioners could help insurers' financial flexibility, but it will not impact their ratings, said an analyst with Moody's Investors Service.

Four consumer groups are blasting the Independent Insurance Agents and Brokers of New York for their threat to sue the state insurance department over proposed compensation disclosure regulations.