News

Sen. Chris Dodd, D-Conn., and Sen. Byron Dorgan, D-N.D., both key allies of the insurance industry in Congress, have announced their retirement.

The Young Insurance Professionals associations in Connecticut, New Jersey and New York states affiliated with the Professional Insurance Agents have a new Web site.

A California appeals court ruled that the state's insurers must compensate consumer advocacy groups when they take action to have a carrier's rates rolled back, even when a settlement is reached without a hearing.

The head of MarketScout, the electronic insurance exchange, said the firm's composite rate index for property and casualty insurance was down 4 percent at the close of calendar-year 2009, but he predicted an upswing for this year.

Researchers delivered good news to directors and officers liability insurers who cover defendants in securities class actions, revealing today that the number of actions plummeted 24 percent in 2009, falling to 169 in total.

Leaders from various stakeholder groups will participate in a major health-care summit on January 11.