The New York Insurance Association has filed a lawsuit accusing the state of imposing unfair assessments on carriers and using them to improperly fund non-insurance programs.

Insurance executives polled at an industry conference here for the most part see a year ahead with little growth and more losses.

The moribund economy will combine with zero interest rates to deliver a one-two knockout punch to property and casualty insurer bottom lines, industry leaders predicted here.

When the U.S. recession ends, workers' compensation systems will have to function in a reduced economy requiring cost cuts, observed Richard Victor, Workers Compensation Research Institute executive director.

The airline insurance industry saw claims outstrip premium by $400 million in 2009, marking the third consecutive year of loss for the industry in this sector, according to Aon insurance brokerage.

A House government oversight panel ordered the Federal Reserve Bank of New York to produce documents related to its role in American International Group's failure to disclose details of the decision to pay AIG trading partners in full.

Lloyd's underwrites E&O coverage for warranty, certification failure exposures.

Democratic members of the Texas House delegation yesterday asked their negotiators on health care reform legislation to require a "single, national health insurance exchange" in final legislation--which is opposed by agent trade groups.