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Independent agencies have until July 1 to hand in their entries for the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker.
Global reinsurers and their bondholders are poised to benefit as more U.S. jurisdictions look to follow Florida's lead on easing global reinsurers' collateral requirements, according to a Moody's Investors Services analysis.
Walmart may be the most frequent defendant named in wage-and-hour lawsuits, but insurers and pharmaceutical companies are also caught up in a maze of rules they did not know applied to certain subsets of their workforce, experts said.
A.M. Best Co. has downgraded the financial strength rating (FSR) and issuer credit rating (ICR) of British Petroleum's captive insurer, Jupiter Insurance Limited, over concerns regarding the Deepwater Horizon oil spill in the Gulf of Mexico.
The Risk and Insurance Management Society Inc. praised the Department of Homeland Security for its recent adoption of private sector preparedness standards.
The soft market continues to challenge reinsurers, and although 2010 has seen disasters, the events will not be enough to harden pricing, according to a panel of senior reinsurance executives.
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