The insurance industry is applauding the introduction of a bill that could corral costs related to fraud and abuse of New York’s no-fault automobile insurance system.

The Obama administration’s budget proposal has reopened the debate over taxing certain reinsurance premiums ceded to foreign insurers by their U.S. affiliates.

The Captive Insurance Companies Association announced that Michael R. Mead has been named recipient of the CICA 2011 Distinguished Service Award—the highest award in the captive insurance industry.

A number of issues, including regulation, medical and insurer costs are high on the radar this year for workers’ compensation experts, one who warned that buyers most likely will be looking at price hikes in 2012.

As the soft market slowly comes to an end, the high rate of survival for risk retention groups bodes well for the RRG marketplace.

As the soft market slowly comes to an end, the high rate of survival for risk retention groups bodes well for the RRG marketplace.

I’m not sure I buy into the suggestion that Facebook (via the Internet) brought down the Egyptian government. Nor am I necessarily an advocate of “liberating” societies. If the Internet is truly an instrument of liberation then perhaps we should fear it.

Marsh & McLennan Companies saw significant growth across the board, reporting fourth-quarter and year-end results that dramatically eclipsed the previous year’s earnings results.