U.S. commercial property and casualty insurance premiums and corresponding rates were down 4 percent last month, but an uptick is coming for energy rates, an insurance exchange executive predicted.

Practicing what they preach in terms of personal risk management, more than 96 percent of independent agents and brokers responding to a recent online survey said they carried errors and omissions insurance.

American International Group reported a first-quarter profit of $1.45 billion, but its chief executive cautioned that volatility for the company's future earnings lies ahead.

Despite continuing doubts and uncertainties regarding the economy, a noted insurance economist offered some good news to workers' compensation insurers, saying the recovery is self-sustaining and the property and casualty industry will see growth in 2011.

Aon Corp's International Space Brokers said it has launched investment protection insurance, what it calls a game-changing policy for space investors.

As states exit the recession with a focus on saving money in the new economy, workers' compensation systems will have to strip out as many unnecessary costs as possible to be successful, a workers' compensation expert said.

Reinsurers have not been especially disciplined, and they in fact prolonged a soft insurance market that should have ended a year ago, a broker said here yesterday.

A bipartisan amendment to the financial services reform legislation in the U.S. Senate is aimed at exempting insurers from paying for the resolution of large non-insurance financial services companies.