News

Marsh said it expects further commercial insurance rate decreases in 2011 as intense competition and overabundance of capacity continue to define the marketplace.

A key committee of the National Association of Insurance Commissioners late Thursday continued to support allowing health care insurers to pass agents' commissions through to customers.

Lloyd's and Arch Specialty Insurance Co. do not have to cover the legal expenses of Texas financier R. Allen Stanford, a federal judge has ruled.

Plaintiffs in the litigation arising from the debris cleanup at the World Trade Center site following the Sept. 11, 2001 attacks have entered a settlement agreement with The Port Authority of New York and New Jersey, owner of the World Trade Center site.

At a time when experienced health care professionals are in short supply and budgets are under pressure, safety hazards in the health care industry are putting employees at risk, according to an industry report.

A panel formed to assess the state of coastal homeowners insurance in New York met for the first time earlier this week, with agent and regulatory representatives noting that there remains an affordability issue in some regions in the state.