This fall, IBHS will open a state-of-the-art, multi-hazard testing and research facility in Richburg, S.C. to more accurately evaluate various residential and commercial construction systems, materials and structures.

A downward revision of the latest economic growth indicators prompted analysts to predict that property and casualty insurers will not see a reversal in pricing or significant boost in earnings anytime soon.

Europe's property and casualty insurers will be challenged to increase profitability for the remainder of this year, reinforcing the negative outlook Moody's Investors Service has on the sector.

Key challenges facing global reinsurers will drive profits lower, but are unlikely to undermine the current strong levels of capitalization for the majority of carriers over the next 12-to-24 months.

Better regulatory uniformity is required globally to help facilitate insurance trade between the United States and its European partners, a panel of insurance officials said.

The possibility of a turn in commercial insurance pricing and the certainty of major changes in the way the world's oldest insurance market does business are among the key areas being addressed at NAPSLO's annual conference.

Ensuring that the NFIP remains in force--at least through a short-term reauthorization--is the priority for property and casualty industry lobbyists as Congress returns next week for what is expected to be a brief but turbulent session.

Daytona Beach, Fla.-based insurance broker Brown & Brown has acquired Wakefield, Mass.-based Crowe Paradis.