News

Health reform and the Great Recession have created unique challenges and significant uncertainty for the workers compensation industry.

IT services provider MphasiS announces it has entered into an agreement to acquire Wyde Corp., an international software vendor and creator of Wynsure, an insurance policy administration solution.

The impact of second-quarter catastrophes on insurers is beginning to be seen, as four separate companies cited cat losses as the primary reason for their drop in net income.

While there are doubts about whether the property and casualty insurance industry is getting set to enter a hard-market cycle, it increasingly looks like rates are beginning to stabilize in many lines, according to observations by an industry report and some chief executives.

The aviation-insurance market is described as stable with renewal pricing indicating no dramatic change in trends, and losses to date are at one of the lowest levels in years, according to two insurance brokers’ reports.

American International Group Inc. says a federal judge has given preliminary approval to a $450 million settlement it reached with a handful of companies that alleged AIG cheated a workers’ compensation program.