News

Even before another series of earthquakes struck Chile last week, global reinsurers were tallying their losses from the Feb. 27 event and providing independent estimates of its impact for the entire insurance industry.

As the economy goes, so goes the insurance market, excess and surplus lines experts agreed at a meeting here.

Any legal challenge to block New York's compensation disclosure rule for insurance producers will likely fail, but a lawsuit might delay implementation, a former regulator told agents and brokers meeting here.

Swiss Re, which returned to profitability last year with 2009 net income of $468 million, said it planned to increase its dividend tenfold.

The Independent Insurance Agents & Brokers of America said the Dan Fulwider Award for Community Involvement has been given to Craig and Melanie Moon of the Moon & Adrion Insurance Agency in Middletown, Ohio.

California's workers' compensation fund, the State Compensation Insurance Fund, reported net income for 2009 increased 91 percent over 2008 despite a combined ratio exceeding 160.