News

A bill to strip medical malpractice and health insurers of their limited federal antitrust immunity passed a key House committee last week, although an amendment grants "safe harbors" for joint compilation of historic loss data.

The National Association of Professional Surplus Lines Offices, Ltd. said it awarded John Latham, regional president with Markel, its Charles A. McAlear/NAPSLO Industry Award.

The Travelers Companies, Inc., reported third quarter net income rose 337 percent over the same period last year thanks to improved underwriting and investment performance from the prior year.

A House committee has voted to totally exempt insurance companies and their products from oversight by a proposed U.S. Consumer Finance Protection Agency.

Property/casualty insurers are faced with difficult choices when dealing with aging claim systems, which can't provide the high level of service that customers expect from their insurance carriers today, according to a recent web seminar.

Connecticut Attorney General Richard Blumenthal announced that The Hartford Financial Services Group, Inc. has settled reinsurance price fixing allegations for $1.3 million.