News

Employment in the property and casualty insurance industry declined in September 2010 compared to August, and declined by 2.9 percent compared to September 2009, casting doubt on hopes that industry employment trends were turning around.

Although municipal bonds make up 27 percent of the investment portfolios of property and casualty insurers, even bond losses of $2 billion to $4 billion that could result from extreme stress scenarios are expected to be manageable, Moody's reported.

Households are reducing their financial obligations, which mean one thing to the insurance industry: impeded growth.

The Physician Insurers Association of America is pointing to conclusions by two bipartisan panels for medical malpractice reform as support for its views

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Behnke & Co., headquartered in Decatur, Ill.

Florida insurance brokerage Baldwin Connelly has announced it will be "transitioning into two new firms with separate ownership" effective December 31.