News

A number of Bermuda insurers reported significant drops in net income in the third quarter of 2010--many within the 20-50 percent range, with declines primarily related to the New Zealand earthquake and other smaller catastrophes.

For far too long, many insurers have viewed public adjusters as opponents rather than potential allies. But the head of one public adjusting firm urges industry pros to reconsider their respective stances, making a persuasive case for unification.

The co-chairmen of the deficit commission appointed by President Obama proposed "aggressive tort reform" as one of its recommendations for reducing the federal budget deficit.

The National Conference of Insurance Legislators (NCOIL) appears set to win the support of another state legislative trade group for its interstate compact designed to implement the surplus lines reform law passed by Congress earlier this year.

New York State's former Superintendent of Insurance, Eric R. Dinallo, has joined the law firm of Debevoise & Plimpton, the firm announced today.

Jacqueline Cunningham has been appointed Virginia's new insurance commissioner by the State Corporation Commission.