News

The Hartford Financial Services Group Inc. said it now has someone to head its consumer markets to complete the leadership of a new organizational structure the company announced in April.

An official with the Federal Emergency Management Agency (FEMA) told insurance commissioners that Congress' failure at long-term renewal of the National Flood Insurance Program (NFIP) could jeopardize the participation of carriers in the program.

July property and casualty rates declined an average of 3 percent compared to last year at the same time, due in part to favorable midyear reinsurance terms, according to the latest survey by MarketScout.

The California Workers' Compensation Insurance Rating Bureau will likely recommend an average rate increase of around 30 percent to the state's insurance department later this year.

Workers' compensation insurance writers saw total pharmacy spending per injured worker in 2009 rise 6.5 percent, according to a report by a risk management services firm.

National Underwriter, in partnership with Flasp?hler Research Group, will launch a survey of independent agents this month that will result in the inaugural "NU Producer Choice Awards," to be unveiled in the Oct. 18 edition.