Markets

Even though securities suits related to the Madoff Ponzi scheme and the credit crisis trailed off in third-quarter 2009, financial firms were still the leading type of company sued with one-third of the cases filed, a research firm reported.

In a time of increasing uncertainty for benefits plan fiduciaries, greater focus on the terms and conditions of fiduciary liability insurance policies is of paramount importance, a brokerage expert believes.

If there's a common thread among underwriters and insurance brokers serving the growing allied health industry, it is fierce competition triggered by a soft property and casualty market and excess capacity, experts contend.

Many small-cap companies--those with the lowest levels of market capitalization--are currently facing a Catch-22 situation that impacts members of their boards of directors.

Producers are feeling the heat in this tough economy, expecting buyers to cut back on coverage, push harder for the best price and go bare in some areas, according to a new Producer Satisfaction Survey.

Berkshire Hathaway and its insurance subsidiaries, including GEICO, have been placed on Rating Watch Negative over its plans to buy Burlington Northern Santa Fe railroad, Fitch Ratings said.

The 40-year-old Excess/Surplus Lines Claims Association said it is changing its name to the International Association of Claim Professionals.

The movement toward stronger enterprise-wide risk management (ERM) practices following the 2008 financial crisis has continued gathering steam among insurers and reinsurers this year, according to a new study.