E&S/Specialty

Competing U.S. and Bermuda insurance interests have been ramping up lobbying efforts on Capitol Hill over a proposed tax code change that would impact treatment of U.S. business ceded to Bermudian carriers.

The Nevada Surplus Lines Association said in cooperation with the Nevada Division of Insurance it has launched a television advertising campaign advising consumers to do thorough research before buying insurance.

72% of respondents to a recent survey on D&O claims issues answered yes to the question, "Have you been involved in an actual claim where the D&O insurer paid more than you believe it needed to, based upon the facts and coverage issues?"

Cutting-edge technology and evolving business strategies will be revealed to insurers, reinsurers, producers and other insurance industry-related professionals attending the 2009 ACORD LOMA Insurance Systems Forum.

While the premiums generated from writing transportation risks may seem tempting to insurers, experts in the field warn that a certain level of expertise is required to turn those premiums into profit.

In spite of the impact of an economic recession and the unraveling of one major competitor, the property-casualty insurance business--and the specialty insurance market, in particular--remain strong, according a specialty carrier executive.