Insurance buyers are likely to enjoy another year of favorable pricing through 2010, although brokers will continue to struggle, according to a new Advisen Ltd. Special Report.

Insurance broker Marsh said it has named Ricardo Brockmann chief executive officer of Marsh in the Latin America and Caribbean region.

The National Association of Insurance and Financial Advisors has named Susan Waters as its chief executive officer.

The top reason insurers embarked on technology initiatives was to grow their business, according to a consulting firm survey of chief information officers.

The U.S. Supreme Court, in ruling on what qualifies as a class action, has reinstated a suit that accuses Allstate of routinely refusing to pay interest when it is late with a claim payment.

The health insurance industry has notified federal officials it will comply with a health care reform law provision requiring them to cover children with pre-existing medical conditions within six months.

A New York State Senate Insurance Committee staff member said the Senate may consider no-fault fraud legislation this session after the State Insurance Fraud Bureau reported a 9 percent increase in no-fault auto system fraud in 2009.

Declaring that the company has learned its lesson from the economic crisis, The Hartford's chief executive outlined a new company strategy for growth during its investor meeting today in New York.