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Steve Shappell, managing director of Aon Financial Services Group legal and claims practice, said the directors and officers (D&O) liability market rates are already soft with class actions at an all-
The university sued the New York-based insurer and its subsidiary, National Union Fire Insurance Company of Pittsburgh, when the company said it would pay no more than $5 million to cover defense cost
Lawyers are awaiting a judge's decision on a motion by State Farm to toss out a case brought by a Louisiana couple accusing the carrier of price fixing and fraud in connection with their hurricane dam
Risk Management Solutions, a provider of products and services for catastrophe risk management, has launched a new software platform that will enable insurance industry professionals to gain a more
David Nason, assistant secretary of the Treasury for financial institutions, testified before a House subcommittee that it is important that the program, which provides a federal backup for insurers'
Ever since Uncle Sam coughed up $122 billion in loan guarantees to bail out AIG, the company has been hammered for some pretty ungrateful behavior. But AIG's new CEO, Ed Liddy, responded quickly and w
Should all New York insurance intermediaries be denied the opportunity to earn contingent commissions because mega-brokers were forced to give up that lucrative revenue stream as part of settlements o
Is the soft market over? Is there enough capital to allow insurers to reload after the next major catastrophe? Will the industry get stuck with dueling state and federal regulators? How will an Obama
BearingPoint, a management and technology consulting firm, and Guidewire Software Inc., a provider of technology solutions for the general insurance industry, announced today they are cooperating on a
A brokerage staff survey of insurers' performance has given carriers in the U.S. Northeast higher marks than other segments of North America, while reinsurers and specialty carriers got the highest ma
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