Moody's Investors Service said it is maintaining a cautious view on the reinsurance sector as it expects profitability to be pressured by continued deterioration in pricing, diminishing impact of reserve releases and low investment yields.

Health care reform legislation is expected to have some impact on workers' compensation costs, but those impacts should be gradual and reflected in normal ratemaking processes, Swiss Re said in a recent report.

Philadelphia has topped the list for the American Tort Reform Foundation's (ATRF) 2010/2011 "Judicial Hellholes" report due in part to the trial practices of its Complex Litigation Center (CLC).

U.S. federal securities class-action filings picked up in the 2010 second half, and filings are now on pace to exceed last year's total, according to NERA Economic Consulting.

The insurance industry should see higher information technology budgets next year as more midsize property and casualty insurers say they anticipate increasing their 2011 information technology spending plans, according to Novarica.

Progressive Insurance Company's website scored highest overall in a Keynote Systems evaluation of 12 insurers, beating other insurers in three out of four categories and all five tasks Keynote evaluated.

Property and casualty carrier employment decreased by 0.2 percent in October compared to September, dropping to the lowest employment level in the last 20 years, according to an I.I.I. analysis of Bureau of Labor Statistics data.

The insurance industry should see higher information technology budgets next year as more midsize property and casualty insurers say they anticipate increasing their 2011 information technology spending.