News

Two Calif. attorneys are the latest to be convicted in a huge auto fraud scheme.

While AIG reported a net profit of more than $11 billion, its property and casualty subsidiary Chartis came in with an underwriting loss of $5.2 billion, primarily becasue of its reserve charge.

A hearing has been scheduled by a subcommittee of the House Financial Services Committee for March 9 amid signs legislation reauthorizing the program that passed the House last year will soon be re-introduced.

Buyers of directors and officers liability are worried about regulatory claims, according to results of a recently released survey in which more than three-quarters of participants ranked such claims among their top three claims concerns.

While debate rages over the future direction of the overall property and casualty insurance market, one recent broker survey of a niche market—architects and engineers professional liability—indicates rates could see upward momentum this year.

Depending on the line of business and focus area, there are probably 15 to 20 [core solutions] vendors that are really competitive for the opportunities that come up. Among those competitive vendors, a lot of them are comparable in terms of their capabilities when it comes to configurability, first class...