News

The Michigan State Senate did not act on a package of bills opposed by insurance associations that would have banned the use of credit-based insurance scoring in the state.

Arch Group's Arch Insurance Europe has launched Arch Underwriting at Lloyd's (Australia) Pty Ltd.

Standard & Poor's Ratings Services said it has lowered its counterparty credit and financial strength ratings on five U.S. mortgage insurance groups.

Aon's founder and former chief executive is embarking on a new insurance venture with the launch of a brokerage firm specializing in errors and omissions coverage for niche risks.

The National Insurance Producer Registry, a non-profit affiliate of the National Association of Insurance Commissioners, has called for improved accountability and consistent industry standards in 2010.

The officers of the National Conference of Insurance Legislators said a National Association of Insurance Commissioners coordination proposal would weaken state authority.