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As ACORD celebrated its 40th anniversary, the organization's president and CEO, Gregory Maciag, said its goal is to keep thinking about improving how standards are developed and how people use them.

Peter Quirk joined the board in 2007.

The current management team's contract with the American Association of Managing General Agents has been renewed, keeping its present executive director and director of operations in place indefinitely.

Lloyd's said its estimates to-date for the net claims from the Deepwater Horizon explosion are between $300 million and $600 million and that estimates of its net claims before tax from the earthquake in Chile are about $1.4 billion.

The IIABNY and the CIBGNY jointly filed a legal action to prevent the New York Insurance Department from implementing a proposed producer compensation disclosure law.

Only half of insurance CEOs surveyed by IBM believe their enterprises are adequately prepared to handle a highly volatile, increasingly complex business environment according to a new report by IBM.

Zurich also promoted Mark Shults to South Central area executive.

Data security breaches can devastate a business with lawsuits, furious clients, huge fines and scathing media exposure. In response, some states are adopting laws tightening business security compliance.