News

A leader of an Allstate agents group said the insurer, after converting agents to independent contractor status, is treating them like employees, prompting the producers to ask for an Internal Revenue Service probe.

Businesses emitting greenhouse gases that cause global warming face imminent liability problems, and they should secure insurance coverage to protect themselves, a legal expert is warning.

The Public Risk Management Association released a statement calling on insurance brokers to disclose all their compensation arrangements with insurers to the public jurisdictions they deal with.

United Automobile Insurance Company says it was denied a fair trial after a negative bad-faith verdict resulted in a $6.8 million judgment against the company.

No matter how many regulations or internal fail-safe systems are put in place, can enterprise risk managers account for the worst instincts in human nature, wonders NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.

Validus Holdings, after a bitter takeover battle to acquire fellow Bermuda reinsurer IPCRe Holdings last month, is cleaning house at the company.