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A new Scottish court decision means insurers with exposure in the United Kingdom Scottish market face potentially elevated asbestos claims costs, which is a credit negative, Moody's Investors Service said.

The U.S. property and casualty insurance industry has a problem attracting talent and fails to make the coordinated effort needed to find a remedy, according to McKinsey & Company.

At the 14th annual P&C Joint Industry Forum, experts talked about how the industry is able to focus on its core business of transferring risk and paying claims amid the economic crisis.

In response to high fuel prices, several car makers are introducing a smaller class of vehicles. But these cars may be prime candidates for totaling out, and the potential impact of more total losses on the collision repair marketplace could be huge.

The U.S. property and casualty insurance industry has a problem attracting talent and fails to make the coordinated effort needed to find a remedy, according to McKinsey & Company.

Revising its estimate upward, Eqecat catastrophe modeling firm said it now estimates economic damage from Tuesday's earthquake in Haiti to be in the low-single-digit billions of dollars.