Zurich Financial Services Group expanded its insurance operations in Latin America and moved up a notch on the property and casualty scale as it announced a 25 year distribution agreement with Banco Santander SA.

Medical malpractice insurance rates might be too high because some insurers are spending as little as two or three percent of premiums to pay out claims, according to the California Department of Insurance.

The 21-year-old grandson of a former mayor is alleged to have covered up driving his pickup truck into a concrete power pole at a used car dealership.

NU P&C’s Risk Management Editor Caroline McDonald reviews some of the tough choices municipalities face between balanced budgets and cuts in needed services and people, going on to review some smaller cuts of unnecessary spending, which governors of two large states are proposing.