Risk Management

In recent years, the use of engineered nanomaterials in consumer products like sunscreen, cosmetics, clothing and baby products has soared. As a result, substantial concern has developed because these tiny materials are often made of toxic substances, and closely resemble asbestos fibers.

A Texas judge has upheld an order against State Farm to refund $310 million to policyholders for alleged excessive rates from as far back as 2003.

The legislation reauthorizing the National Flood Insurance Program, passed by a House panel last week, clearly opens the door for reinsurers to play a strong role in the program.

Allstate will be charging Mississippi homeowners an average of 19.4 percent more for insurance, and State Farm received approval for an average 18.8 percent rate hike in Florida.

Marsh & McLennan Cos. rolls out a movie worldwide to deliver its code of conduct message.

Michigan Gov. Rick Snyder has named Kevin Clinton the state's new head of the Office of Financial and Insurance Regulation.

The Independent Insurance Agents & Brokers of America honored three individuals and a state agents association for their work on political issues of importance to independent producers.

President Obama late Thursday signed into law legislation repealing the 1099 reporting provision enacted as part of the healthcare reform bill.