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

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.

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.