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California's outgoing insurance commissioner has filed a lawsuit challenging an administrative ruling dealing with Iranian investments by insurers.

rporate risk managers are generally dissatisfied with the level of service they get from both brokers and insurers, and very few of these insurance providers distinguish themselves in the marketplace.

When it comes to controlling their total cost of risk, 64 percent of corporate risk and finance managers surveyed said their top concern was their retained cost of claims, including from captives.

In the wake of the financial crisis, the captive industry is running into new stumbling blocks that can triple the time it takes to set up a captive, according to a captive manager here.

Corporations and individuals often underestimate their exposure to risk and are unprepared for disaster when it strikes, say experts who study risk.

With U.S. property and casualty insurance rates falling 4 percent in October 2010, the industry may be experiencing a "new normal" in terms of market conditions, according to an executive.

Corporate insurance buyers need to enhance coverage as much as possible while the market is still soft, according to a report by Willis Group Holdings.

Election Day was a good one for the property and casualty insurance industry, with the results boding well for many industry initiatives and concerns.