News

In two reports, insurance brokers said the reinsurance marketplace has made a remarkable recovery through 2009 and remained disciplined in its pricing through the Jan. 1 renewal season.

According to its annual report, the Office of Insurance Regulation considers Florida's workers' compensation market to be in good shape.

There is currently no immediate permanent replacement for Maryland Insurance Commissioner Ralph Tyler, who leaves his post Friday to become chief counsel to the federal Food and Drug Administration, an official said.

Reinsurance rates across most lines of property and catastrophe business declined for Jan. 1, 2010 renewals, according to a study released by reinsurance broker Guy Carpenter & Company, LLC.

As the use of social media and the realization of its possibilities expand, a major independent insurance agent's group released a report to give producers ideas on how to develop policies to manage the new business channel.

What will be the most important stories of the coming year for the property and casualty insurance industry? NU Editor Sam Friedman peers into his crystal ball at www.NUSamSoapBox.com.