President Barack Obama declared that reforms will be passed this year to prevent the financial industry from relapsing into the habits that almost collapsed financial institutions like American International Group.

An analysis of property insurance trends by two academics suggests that post-disaster property insurance rate regulation actually drives up the prices it purports to control.

Producer group representatives said changes made to the proposed New York compensation regulation have improved the rule, but aspects of it could still burden their members.

Lockton insurance brokerage said it has formed an advisory board to keep clients up-to-date on the latest health care reform developments and the potential impact on them.

New York's insurance department made its new Producer Compensation Transparency Regulation public, outlining how producers should inform clients about compensation and the details they must provide.

Charlotte, N.C.--based wholesale broker AmWINS Group, Inc. said it has acquired The Managing Agency Group-Employee Benefits (MAG-EB), a division of Willis HRH. Financial terms were not released.

The United States and the United Kingdom are witnessing average rate increases on directors and officers liability insurance of 15 percent, but U.K. renewals are exhibiting mixed results, according to Aon.

Commercial insurance buyers are showing growing interest in liability protection for directors and officers of a company who are not indemnified by their organization, a Towers Perrin survey finds.