American International Group (AIG) officials are looking favorably at federal oversight, as they say they are preparing for regulation by the Federal Reserve Board in addition to state monitoring.

Due to prolonged drought conditions in the Midwest, underwriting losses for 12 major corn- and soybean-producing states could be more than $2.8 billion, a recent report warnsand the trade group representing the crop-insurance industry says insurers have already paid out $822 million so far this season.

Respondents to a three-state survey of producers report that regional personal-lines carriers have an edge over national companies when it comes to overall agency-insurer relationship satisfaction.

A survey of P&C insurance brokers provides further evidence that rates are continuing to trend upward, but experts still doubt whether a hard market is on the wayand some question the current environments momentum.

Willis calls 2011 the Year of the Breach and says that while companies are rightfully concerned about their Cyber exposures, they need to carefully examine their insurance coverage and risk-management strategies to ensure they are adequately protected.

Fitch Rating Service projects property and casualty insurance rates will continue to rise through 2013 producing modest increase in industry net income, but a return to a sustained hard market is considered unlikely.

Fitch Rating Service projects property and casualty insurance rates will continue to rise through 2013 producing modest increase in industry net income, but a return to a sustained hard market is considered unlikely.

Peter Moreau, vice president and CIO for Amica Insurance, has risen through the technical ranks in an IT career that started following his graduation from college. His technical background made new technology initiatives exciting for him, but as he has matured into an IT leader so has his focus.