Market psyche change, not cat event, needed to turn the market, Marsh CEO Duperreault says, predicting one will come sooner rather than later.

The long-anticipated flood of FDIC lawsuits against directors and officers of failed banks has started, according to experts who explained the delay and the coverage issues during two recent seminars.

Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis, but directors and officers liability insurers should brace for more such cases in 2011, a plaintiffs’ attorney warned late last month.

At a time when conditions within the property and casualty insurance market are relatively stable, leaders of excess and surplus lines organizations remain concerned about unanticipated exterior changes, one E&S executive said recently.

If the Dodd-Frank Act had been in place years ago, regulators probably still would not have intervened to stop problems at American International Group’s Financial Products unit, three former U.S. financial regulators said last week.

Building on a current strength, Risk Placement Services Inc. (RPS) aims to give agent and broker clients more local access to its broad array of product offerings in 2011, according to the leader of the nationwide specialty brokerage.

The insurance cycle is not dead, and the return to a hard market could come without a multibillion-dollar catastrophic event driving the turn, a broker executive said yesterday.

Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis in 2010, but directors and officers liability insurers should prepare to see more of those cases in 2011, a plaintiffs’ attorney warned last week.