News

Professional Liability Underwriting Society (PLUS) and National Association of Professional Surplus Lines Offices (NAPSLO) said today they are joining forces.

The American International Group's property and casualty business further distanced itself from the parent corporation with a name change to Chartis and the creation of a special purpose vehicle.

Catastrophe bond issuances are down in the first half of 2009 compared to the same time period in 2008, but second-quarter activity represents a rally from an economy-driven slump, a new Guy Carpenter report said.

Spencer Educational Foundation Inc. said today it has launched a new Web site, www.spencered.org, which provides professional networking opportunities for students studying risk management and insurance.

Property and casualty insurance companies may be forced to raise prices soon as increased harvesting of reserve redundancies is expected to leave a limited cushion for 2009, according to Moody's.

The Council of Insurance Agents & Brokers quarterly survey of insurance brokers finds commercial property and casualty pricing continues to be soft, but results appear to indicate some trending to smaller declines than in past quarters.