Shareholder derivative lawsuits against directors and officers of BP in the wake of the company's oil rig explosion could result in sizeable recoveries based on current litigation trends, an expert in the field said.

Insurance company executives and independent agents disagree over just how easy insurers are making it to do business with them--an area of opportunity for carriers to expand their business, a survey suggests.

Sen. Patrick Leahy, D-Vermont, is making another attempt to end the antitrust exemption accorded health insurers through the McCarran-Ferguson Act.

Specialty insurer Markel announced the creation of a three member office of the president with two executives assuming the title of co-chief operating officer.

Business groups and insurers are mobilizing to defeat a proposed amendment to the financial services reform bill that would substantively expand the reach of private securities litigation.

Catlin Group has estimated that it will face$40 million in claims for the 2010 second quarter from the Deepwater Horizon drill platform disaster.

Sen. Jeff Merkley, D-Ore., has introduced an amendment to financial services regulatory legislation now pending in the Senate that would drastically reduce the authority of the Office of National Insurance it would create.

Business groups and insurers are mobilizing to defeat a proposed amendment to the financial services reform bill that would substantively expand the reach of private securities litigation.