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Liberty Mutual Insurance Co. and an attorney it once hired to defend it have reached a settlement in a case involving alleged unpaid invoices and an alleged extortion attempt by one of the insurers executives.

The National Council on Compensation Insurance has released its annual look at prescription drug prices and workers compensation.

The National Council on Compensation Insurance has released its annual look at prescription drug prices and workers compensation.

Commercial-insurance prices increased by almost 1.5 percent in the 2011 second quarter after the first quarter remained flat, indicating that the market may be hardening, according to Towers Watson's most recent Commercial Lines Insurance Pricing Survey.

With global gross written premium for the property and casualty insurance industry standing at $1.15 trillion, the United States still ranks number one in gross written premium, but expansion of the marketplace remains a challenge for insurers, according to Aon Benfield.

In a ceremony held on Monday, IASIU honored individuals who have gone above and beyond the call of duty, and whose tireless efforts and relentless pursuit of unraveling insurance fraud have not only benefited the insurance industry but also society at large.