Vic Krauze has been appointed chairman and CEO of Willis North America, succeeding Don Bailey, who will leave the company in December to work for a U.S. personal lines carrier.

The most recent round of policy assumptions from Louisiana's last-resort insurer could mean the state-run entity has slipped to the fifth or sixth largest homeowners insurer in the state.

The Wisconsin Court of Appeals has ruled that OneBeacon Insurance Company was correct in denying coverage to the Archdiocese of Milwaukee, which is facing multiple lawsuits stemming from allegations of sexual abuse by former priests.

The vast majority of domestic specialty carriers put the size of the program business market at $20 billion or over in a recent survey, and a third of the respondents

Although municipal bonds make up 27 percent of the investment portfolios of property and casualty insurers, even bond losses that could result from extreme stress scenarios are expected to be manageable, Moody's reported.

The National Council of Insurance Legislators' passed a revised version of its "SLIMPACT" proposal to implement the federal law modernizing the surplus lines industry, but it did so without support from the National Association of Insurance Commissioners.

Treasury Deputy Secretary Neal Wolin told London stockbrokers last week that the Obama administration believes the new financial services reform law gives it the power to monitor the insurance sector...

Five executives convicted of producing a sham insurance contract between General Re Corp. and American International Group argued in the U.S. Court of Appeals that a district court committed multiple procedural missteps during their 2008 trial.