Legislation has been introduced in Congress that would phase out the National Flood Insurance Program by the end of 2013.

Jan. 2011 figures now tallied, MarketScouts monthly barometer has been stuck at minus-5 percent for three straight months.

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 earlier this month.

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

Recent flooding in Queensland, Australia, has resulted in about $2 billion in insured losses according to The Insurance Council of Australia.

Hosni Mubarak’s resignation as president of Egypt on Friday and military takeover has brought a measure of stability to the nation, but uncertainty about the future and potential flashpoints throughout the region have insurers casting a wary eye on political risk coverage.

Owners of medical marijuana businesses can now be protected against raids by authorities—provided the operation is on the up-and-up.

The two leading insurance brokers were among nine other property and casualty insurance entities that achieved a perfect score in the latest survey measuring corporate equality toward lesbian, gay, bisexual and transgender employees.