News

The ex officio of The Risk Management Society praised the New York State Insurance Department for tackling the issue of producer compensation disclosure when no other department would.

Competitive challenges in the property and casualty industry will continue into 2011, and insurers will need to stay ahead of factors such as cycle management, technology, and regulatory and accounting changes to separate themselves from competitors, Ernst & Young said in a recent industry outlook.

Insurance industry representatives presented a unified front in opposition to the New York City Fire Department’s plan to impose an accident tax on motorists.

A majority of industry leaders at the Property/Casualty Insurance Joint Industry Forum said they expect an improvement in personal auto and homeowners insurance profits this year, but many more — such as The Hartford's Liam E. McGee, left, — believe improvements are not coming in workers’ compensation or commercial lines....

Initial flood damage estimates for the Tenn. floods in 2010 were far more conservative than the most recent numbers reported.

Initial flood damage estimates for the Tenn. floods in 2010 were far more conservative than the most recent numbers reported.