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Workers' compensation insurers and reinsurers are operating in a risky environment similar to the one in the late 1990s that "put a number of workers' comp [insurers and reinsurers] into the grave," according to a Moody's Investors Service report.
The property and casualty insurance industry is on the road to showing a profit for 2010 despite a 3 percent slide in third-quarter net income, an industry report said.
Philadelphia has topped the list for the American Tort Reform Foundation's (ATRF) 2010/2011 "Judicial Hellholes" report due in part to the trial practices of its Complex Litigation Center (CLC).
Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired a New Jersey-based wholesale firm and an employee benefit firm in Ohio.
The U.S. Justice Department this week issued a civil lawsuit against BP and eight other companies, including QBE Underwriting Ltd., seeking unspecified penalties under the Clean Water Act.
New York Attorney General Andrew Cuomo has decided to withdraw his appeal of a judge's July decision to throw out the convictions of two Marsh & McLennan executives, according to court documents.
Workers' compensation insurers and reinsurers are operating in a risky environment similar to the one in the late 1990s that "put a number of workers' comp [insurers and reinsurers] into the grave," according to a Moody's Investors Service report.
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