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Lloyd's reported a 52.4 percent decrease in 2010 first-half profit compared to last year, attributing the decrease to high catastrophe losses.

The Professional Insurance Agents of New York is conducting briefing sessions with members throughout the state to discuss the status of talks between it and the state insurance department regarding new producer disclosure regulations.

The Collision Industry Electronic Commerce Association (CIECA) recently held their second implementation conference, and prevalent themes revolved around cost reductions; cycle time and outcome improvements; data ownership; and information privacy.

Late last week Allstate Insurance Company was informed it is the subject of a whistleblower lawsuit filed more than three years ago.

Despite the damage caused from the Deepwater Horizon oil spill in the Gulf of Mexico, the event is expected to have no impact on the property insurance marketplace, an executive from Marsh said.

In response to the Gulf Coast oil spill disaster in which 11 people were killed, British Petroleum said it is forming a safety and risk unit that will report directly to the company's incoming chief executive officer.

The National Conference of Insurance Legislators is urging the National Association of Insurance Commissioners to get behind its credit-based insurance scoring model law and drop an idea to conduct a "questionable data call."

Liberty Mutual Group said it is delaying its initial public offering of stock in Liberty Mutual Agency Corporation (LMAC) because the company believes it won't get the right price for the business.