Markets

A group of domestic insurers has responded to a YouTube video opposing an offshore insurer tax increase with its own video in support of the measure.

A U.S. District Court judge has elected not to grant an injunction requested by wholesale broker CRC Insurance Services Inc. against former employees now with competitor Ryan Specialty Group's R-T Specialty of Illinois, LLC (RTS).

The Excess Line Association of New York (ELANY) has appointed Jasmin Chen Johnson as financial director.

Regulation of the surplus lines industry will be modernized and substantively streamlined under a provision of financial services reform legislation approved by House-Senate conferees.

Agent associations joined the National Crop Insurance Services in criticizing the Obama administration's decision to cut the federal crop insurance program by $6 billion over the next 10 years.

Walmart may be the most frequent defendant named in wage-and-hour lawsuits, but insurers and pharmaceutical companies are also caught up in a maze of rules they did not know applied to certain subsets of their workforce, experts said.

CRC Insurance Services Inc. has acquired TB&C Wholesale Insurance Services of Glendale and Placentia, Calif.

The soft market continues to challenge reinsurers, and although 2010 has seen disasters, the events will not be enough to harden pricing, according to a panel of senior reinsurance executives.