The task of John Wortman, who has announced his retirement, was not an easy one when he was hired as the new chief executive of Louisiana's homeowners insurer of last resort.

The new federal Affordable Care Act could potentially have a positive effect on medical malpractice liability, actuaries were told at a recent Casualty Actuarial Society (CAS) Seminar on Reinsurance.

The property insurance take-up rate for terrorism coverage continues to rise, with 61 percent of companies surveyed by Marsh--a record high--buying the additional protection against catastrophic risk.

American International Group has outlined a plan meant to retain and attract executives as it works to repay its obligation to the federal government, which owns about 80 percent of the company.

Although reinsurers cut prices for June 1 renewals, one Bermuda-based executive speculated that price hikes in the insurance loss warranty market--fueled by the Deepwater Horizon disaster--could eventually spread to the reinsurance market.

Financial services regulatory reform legislation establishing a Federal Insurance Office with limited authority was passed last week by the House of Representatives, setting the stage for Senate action after the July 4 recess.

The former CEO of AIG's Financial Products Division said the collateralized debt obligations that undermined the company's financial foundation and prompted a government bailout should not have caused the losses they did.

After weathering the financial disaster and seeing a growing interest in captive formations, the alternative risk-transfer industry has hit new stumbling blocks that can triple the time it takes to set up a new facility.