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The insurance industry is lauding the new trade pact reached Friday between the U.S. and South Korean governments.

The lack of hurricanes making U.S. landfall this season is credit positive for reinsurers, according to Moody's Investors Service, as 2010 experienced worldwide natural catastrophe losses about in line with the average over the last 20 years.

In celebration of its 80th anniversary, LEA will host its annual meeting in Tampa, Fla., where attendees will learn how to prepare for next era of adjusting from I.I.I. President Dr. Robert Hartwig and other leading industry experts.

Representatives of foreign and domestic insurance and reinsurance trade groups are suggesting that one means of reforming the National Flood Insurance Program (NFIP) is privatizing all or part of it.

Statistics indicate a startling rise in the number of retaliation claims brought against employers by their former and current employees.

Jacqueline Cunningham has been appointed Virginia's new insurance commissioner by the State Corporation Commission.

Zurich Financial Services Group said it is looking to reduce expenses by $500 million in an effort to improve profitability.

National Union Fire Insurance Company of Pittsburgh, a Chartis company, was not successful in getting a federal judge in Florida to say the insurer has no duty to defend or indemnify a drywall contractor.