E&S/Specialty

It will be extremely difficult for Congress to delay a train that is nearing its destination, an insurance industry executive says in reaction to the flurry of legislative efforts to forestall flood insurance rate hikes mandated under a 2012 law.

Britain's Lloyds Banking Group said it had ended a contract with Deloitte after problems were uncovered in the way a call centre operated by the business services firm handled customer complaints about mis-sold loan insurance.

Louis Lubrano, senior vice president of Global Management for Liberty International Underwriters, speaks with PC360-NU about food safety and his company's product recall, product contamination, and consultancy solutions.

It will be extremely difficult for Congress to delay a train that is nearing its destination, an insurance industry executive says in reaction to the flurry of legislative efforts to forestall flood insurance rate hikes mandated under a 2012 law.

Commercial-insurance rates were up by 7 percent in 2013s first quarter compared to the same period a year ago, essentially continuing the pace of increases seen over the past two quarters, Towers Watson says in a recent survey.

Commercial-insurance rates were up by 7 percent in 2013s first quarter compared to the same period a year ago, essentially continuing the pace of increases seen over the past two quarters, Towers Watson says in a recent survey.