E&S/Specialty

The National Conference of Insurance Legislators appears set to win the support of another state legislative trade group for its interstate compact designed to implement the surplus lines reform

For fiscal year 2010, the U.S. Equal Employment Opportunity Commission received nearly 100,000 new private sector charges of employment discrimination--a record high and a jump of 7 percent over 2009, the agency reported.

The Dodd-Frank Act has reopened the door to U.S. regulatory action against some foreign entities after a recent Supreme Court decision had limited the reach of the U.S. legal system, according to experts.

Participants in the excess and surplus lines industry generally expect a replay of 2010 market conditions in 2011, but that does not mean they believe the soft market is a "new normal" for the property and casualty industry.

Industry groups reiterated their support for a National Conference of Insurance Legislators' proposal to implement a new surplus lines law, rather than a competing National Association of Insurance Commissioners' proposal.

The vast majority of domestic specialty carriers put the size of the program business market at $20 billion or over in a recent survey, and a third of the respondents