News

Two reports on distracted driving show some successes with laws passed banning cell-phone use and texting while driving, but also demonstrate that more research needs to be done to truly gauge the laws’ effectiveness.

Global catastrophes in the first half of the year have already made 2011 the costliest year on record with respect to economic losses.

Moody’s says a recent outline put forth by the International Association of Insurance Supervisors (IAIS) regarding a regulatory framework to monitor international insurers’ group-wide activities is credit positive.

Insurers continue to file lawsuits against large investment banks over losses taken during the housing market collapse, as Liberty Mutual Insurance Co. filed suit against Goldman Sachs; and Allstate announced a lawsuit against Morgan Stanley.

A spike in the number of agent and broker jobs added in May drove an overall net gain of 900 jobs industry-wide for the month compared to April, according to an Insurance Information Institute (I.I.I.) analysis of U.S. Labor Department’s Bureau of Labor Statistics figures.

The property and casualty insurance industry’s earnings are expected to be modest for the first half of this year after insurers were hit by a series of weather-related losses, according to a financial analyst’s report.