The Risk and Insurance Management Society (RIMS) announced its three keynote speakers for the RIMS 2010 Annual Conference & Exhibition.

Insurers have experienced alarming decreases in return on assets and face legislation and other forces making their business increasingly competitive, a consulting firm report has found.

Auto insurance claim frequency is rising, in some cases precipitously, as gasoline prices have declined from the high levels seen in 2008, meaning more people are spending time on the road.

Allstate Corporation announced that Joseph P. Lacher Jr., 40, has been named president of Allstate Protection, responsible for all of the insurer's property and casualty offerings.

While Bermuda's insurance and reinsurance companies are facing significant pressures, ranging from soft pricing to proposed U.S. legislative initiatives, their performance is positive, according to a report released by Moody's Investors Service.

After announcing the acquisition of Texas independent agency Insurance Alliance through its Marsh & McLennan Agency subsidiary, president and CEO Brian Duperreault said the brokerage could announce several more agencies by the end of the year.

Crime insurance and fidelity bonds provide only limited protection to financial institutions and other insureds seeking to recover losses from fraudulent operations like mortgage scams and Ponzi schemes, experts said.

The New York Insurance Department is continuing efforts to revive the New York Insurance Exchange, with an "ambitious" goal of having it ready in 2010, one official said.