Insurers beware: A survey shows the majority of U.S. courts now refuse to allow insurers to recoup settlement or defense fees for defenses provided under reservation of rights.

Early each year, Marshs U.S. Casualty Practice considers the key trends that it expects to drive the casualty market in the coming months. Following, Marsh presents its views on how those trends could affect risk managers' companies.

American International Group Inc., the largest commercial insurer in the U.S. and Canada, promoted Michael Smith to chief operating officer of the division selling coverage to business clients.