Legislation introduced in the House last week that would expand the authority of risk retention groups to provide commercial property insurance to members is drawing strong support from risk managers

Taking a cue from the Bush administration, a key House lawmaker last week introduced legislation that would create an interim federal insurance office within the Treasury Department, with backers and

Insurance equity analysts expect a significant increase in mergers and acquisitions among U.S. property-casualty insurers this year, but most do not see M&A activity as the best use of capital or the

Future property-casualty merger and acquisition activity will be defined largely by the overall premium rate environment, with the softening market prompting more carriers to seek growth via takeovers

A House bill to create a Treasury Department agency that would provide insurance expertise for government officials is highlighting a conflict between property-casualty insurers and agents over a poss

Christian Rataj, western state affairs manager for the National Association of Mutual Insurance Companies (NAMIC), said the bill was initially introduced as a health insurance matter. "And then someon

In the 2008 Risk and Insurance Management Society Inc. Benchmark Survey, conducted by the consulting firm Advisen, risk managers say the total cost of risk per $1,000 of revenue, on average, fell 12 p

Businesses in Massachusetts will see an average reduction of 1 percent on their workers' compensation insurance policies under new rates approved by the Massachusetts Insurance Division, it was anno