News

A soft market hasn't stopped excess and surplus lines industry veterans from building and launching businesses--and wholesale brokerages have been as active as carriers in the early part of 2010.

Insurer use of consumer credit scoring for underwriting and pricing personal lines coverage was back under the glare of a congressional spotlight this month, with industry officials fending off attacks on the accuracy and fairness of such rating tools.

With an eye toward servicing $1,500 surplus lines accounts rather than $200,000 accounts, the newest managing general agency in Connecticut aims to grow by capturing the small, hard-to-place business of each retail agent customer.

After seeing damages awarded against it in one lawsuit, a Chinese drywall maker announced last week that it settled a case brought against it by U.S. homebuilder Beazer Homes for an undisclosed dollar amount.

Outlining what claim professionals need to know about efforts to counter new trends toward underinsurance.

Standard & Poor's Ratings Service is requesting comments on its proposed changes to its methodology for evaluating insurers' and reinsurers' economic capital models through a refinement of its enterprise risk management criteria.