A federal court ruling holding the Army Corps of Engineers, and the U.S. government by extension, liable for damage in New Orleans caused by Hurricane Katrina is unlikely to have much effect on the P&C industry.

The latest government study on Chinese drywall has revealed a "strong association" between the drywall and corrosion in homes that may physically irritate their inhabitants.

A top executive of Chartis, the rebranded property and casualty carrier of American International Group, says any lingering accusations by competitors about alleged underpricing to counteract AIG's damaged reputation are bogus and simply sour grapes.

Insurers who believe in American-style capitalism have to rally behind the free market to head off a government overreaction in regulating the economy in general.

A day after announcing the acquisition of Texas independent agency Insurance Alliance, the head of Marsh & McLennan Companies said the firm could announce the purchase of several additional agencies by year's end.

A federal report on Chinese drywall found the building material contains higher concentrations of bothersome chemicals, but said these would not cause the health issues or physical degradation of property that have been seen.

The House health care reform bill is a "trial lawyer's dream" that could have some degree of a "spillover effect" on the property and casualty industry, according to Insurance Information Institute President Robert P. Hartwig.

The National Association of Insurance Commissioners said it will keep secret the names of bidders competing for a contract to assess the value of insurers' mortgage backed securities.