News

W.R. Berkley Corp. Chairman and CEO William R. Berkley vigorously defended the companys reserving practices on an investor conference call today, stating that, if anything, the insurer leans toward being more conservative.

The cost of terrorism insurance coverage is expected to become volatile if the federal terrorism insurance backstop is not extended, and uncertainty about what Washington will do is already causing ripples in the marketplace, Marsh says in a new report.

The MGA business model has changed and become more stable since the 1990s and early 2000s, when the market entered a period of volatility due to MGAs association with the failures of multiple insurers, says a new report.

Ensure that convenience never trumps consumer or company protection

News from BB&T, NEBCO, Marsh & McLennan Cos., Beazley, NFP, PURE and Western Reserve Group

An insurance law firm is warning its clients that if they are not licensed to transact business in New York State, they should review their agents activities to ensure they are not engaging in prohibited insurance transactions in the state.