News

The House took action again today on repealing the McCarran-Ferguson antitrust exemption for health insurers by passing the larger bill to which the repeal amendment was attached.

As a further sign the insurance-pricing cycle is beginning to shift, Moodys Investors Service says some companies are reporting strong growth in excess and surplus lines business, generally a sign that standard-market carriers are tightening underwriting and shedding business.

Alexander Moczarski, president and chief executive officer of Guy Carpenter, will take on the additional role of chairman of Marsh & McLennan Companies International.

The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York say they will not appeal the decision of a state appeals court that upholds state regulations governing disclosure of producer compensation.

The Independent Insurance Agents & Brokers of New York and the Council of Insurance Brokers of Greater New York say they will not appeal the decision of a state appeals court that upholds state regulations governing disclosure of producer compensation.

A duo of hurricane forecasters at Colorado State University says conditions favor a less active Atlantic hurricane season in 2012.