News

The Louisiana State Senate has passed a bill banning insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.

American International Group is "stable," primarily as a result of a huge infusion of government financial aid, the Government Accountability Office said in a new report.

Contingent commissions are either a serious conflict of interest that clouds the insurance buying decision, or can act as leverage in the carrier-client relationship, according to the conflicting views of two brokers.

A House panel has reported out flood insurance legislation and two other bills dealing with natural catastrophes, but only the flood program has unanimous industry backing.

Directors and officers liability insurance experts do not foresee any major widespread uplift in D&O insurance prices emerging from Goldman Sachs' current woes or the increased lawsuit activity that has been provoked.

American International Group is "stable," primarily as a result of a huge infusion of government financial aid, the Government Accountability Office said in a new report.