News

Surplus lines insurers are big winners in the financial reform bill that Congress believes will prevent another economic meltdown that caused the current Great Recession.

When it comes to controlling their total cost of risk, 64 percent of corporate risk and finance managers surveyed said their top concern was their retained cost of claims, including from captives, according to professional services company Towers Watson.

Putting a crisis plan in place to deal with a catastrophe is not enough--the plan must be tested, revised, and treated as a "living document," according to risk experts.

Bermuda remains the world's largest captive domicile for a reason, observes Caroline McDonald. Members of Bermuda's government showed their support for the industry at the annual conference. Find out more at www.NoRiskZone.com.

Louisiana Insurance Commissioner Jim Donelon's first choice to take over the state's residual market insurer has declined the job, Commissioner Donelon's office said.

Domestic and foreign insurers traded barbs--although the foreign insurers did so anonymously--at a congressional hearing over whether the U.S. should tighten rules dealing with the ceding of premiums to offshore parent companies by U.S. affiliates.