Workers' compensation insurance writers saw total pharmacy spending per injured worker in 2009 rise 6.5 percent, according to a report by a risk management services firm.

Severe flooding in China this summer has caused massive destruction and tens of billions of dollars in damage, but is unlikely to have a large impact on the insurance industry, Guy Carpenter's Instrat unit said.

Since the economic recession began in December 2007, employment in the insurance industry has decreased across multiple sectors, including claim adjusting, according to the I.I.I.'s latest report.

The New Mexico Public Regulation Commission (NMPRC) has appointed John G. Franchini as Superintendent of Insurance, the commission announced.