The co-chairmen of the deficit commission appointed by President Obama proposed "aggressive tort reform" as one of its recommendations for reducing the federal budget deficit.

The National Conference of Insurance Legislators (NCOIL) appears set to win the support of another state legislative trade group for its interstate compact designed to implement the surplus lines reform law passed by Congress earlier this year.

New York State's former Superintendent of Insurance, Eric R. Dinallo, has joined the law firm of Debevoise & Plimpton, the firm announced today.

Jacqueline Cunningham has been appointed Virginia's new insurance commissioner by the State Corporation Commission.

Zurich Financial Services Group said it is looking to reduce expenses by $500 million in an effort to improve profitability.

National Union Fire Insurance Company of Pittsburgh, a Chartis company, was not successful in getting a federal judge in Florida to say the insurer has no duty to defend or indemnify a drywall contractor.

Health care reform legislation is expected to have some impact on workers' compensation costs, but those impacts should be gradual and reflected in normal ratemaking processes, Swiss Re said in a recent report.

Many companies are unknowingly vulnerable to data leakage, phishing attacks, trojans or advance persistent threats, according to a new report from Lloyd's and technology company HP.