News

Lawsuits related to climate change could expand faster than the explosion of asbestos claims and have significant impact on insurers, Swiss Re warns in a new report.

The Hartford Financial Services Group's longtime chair and chief executive officer, Ramani Ayer, will retire from the government-supported organization at year's end, his loss-riddled company announced last week.

A bill that would have banned credit scoring in Connecticut was altered and then died in the Senate at the end of a legislative session characterized as "challenging" by one insurance industry representative.

While overall property-casualty insurance loss reserves are adequate right now, the situation needs to be closely monitored, agency analysts told an industry conference.

A hard market may not be arriving anytime soon, but several insurance executives at last week's S&P conference suggested that the industry is in good shape, even in the midst of a struggling economy, while others warned against complacency.

While industry association members who have worked with the outgoing NY insurance superintendent point to his handling of the AIG meltdown and WTC coverage dispute as his major accomplishments, Eric Dinallo shifts much of the credit to the agency.