While one industry representative blasted states decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of political expediency that will result in higher rates, another says he believes the state officials acted within the letter of the law.

Property & casualty and health insurers overpay injured people an estimated $15 billion a year because each sector of the industry lacks information about claimants that only the other side has, according to Stephen Ambrose, CEO of ICEX, an insurance information-services company.

Property & casualty and health insurers overpay injured people an estimated $15 billion a year because each sector of the industry lacks information about claimants that only the other side has, according to Stephen Ambrose, CEO of ICEX, an insurance information-services company.

Agent and broker employment in September experienced an expected decline, but the size of the drop was unusual, according to Insurance Information Institute President Robert Hartwig.

IDP acquires NSU, Marsh & McLennan acquires The Protector Group. New programs from All Risks and Continental Underwriters. Certified Program Leader designations and 2011 Variance Prize winners announced. Applied Systems released TAM 12. Candy Holland appointed to deputy president of Chartered Institute of Loss Adjusters.

IDP acquires NSU, Marsh & McLennan acquires The Protector Group. New programs from All Risks and Continental Underwriters. Certified Program Leader designations and 2011 Variance Prize winners announced. Applied Systems released TAM 12. Candy Holland appointed to deputy president of Chartered Institute of Loss Adjusters.

Allianz is looking to invest about $12.7 billion in property over the next five years as it seeks to offset low yields from conventional investments.

Investors who brought a specialist bond designed to protect Swiss Re from natural disaster claims will not lose money over superstorm Sandy, rating agency Moody's said.