Efforts to create a regional meeting format for captive insurance companies is seeing results with Arizona and Utah agreeing to form the Western Region Captive Insurance Conference (WRCIC) for 2010.

Federal Reserve Chairman Ben Bernanke declared that the recession is "very likely over," but the pace of recovery will be uneven across states and industries, according to a leading insurance industry economist.

The Council of Insurance Agents & Brokers and LexisNexis announced they have partnered to build a Web-based insurance exchange for the independent agent-based distribution system.

Reforming the civil litigation process would reduce health care costs and save the federal government $54 billion over 10 years, the Congressional Budget Office reported.

Multi-channel fraud not only results in added expenses for bogus claims but also in the corruption of vital data on which underwriters rely. Certain tactics can help insurers to actively monitor the claim process for collusion and reduce costs.

Maurice Greenberg should of taken more responsibility for the trouble the economy is in today rather than just throw regulators under the bus in a speech this week, argues NU Editor In Chief Sam Friedman on his blog today at www.NUSamSoapBox.com.

The soft market continued to bottom out last month, as property and casualty insurance rate declines averaged 4 percent, compared to 5 percent in August, according to the Market Barometer survey by MarketScout.

The Hartford Financial Services Group's new chief executive could get as much as $8.2 million in compensation--slightly less than its former longtime CEO.