Leonard D. Crouse, former director of captive insurance in Vermont and a leading spokesman for the captive-insurance industry, received the inaugural Karen Cutts Visionary Award from the National Risk Retention Association (NRRA) at its annual conference held Oct 5-7.

American International Group (AIG) lost its long-held spot at the top of the surplus market in 2010 after a 13 percent decrease in direct-premiums written, says insurance-rating-agency A.M. Best Co. in a special report released at this years NAPSLO convention.

Jack McCalmon, president of The McCalmon Group Inc. in Tulsa, Okla. and partner at Titus Hillis Law Firm in Tulsa, advises risk managers to get involved early and often with their companys litigationand to lobby for settlements as the best cost-control strategy.

A number of challenges continued in the workers compensation segment throughout 2010, causing additional decline in premium volume and deterioration of underwriting results, according to A.M. Best.

A two-day underwater examination conducted by Transocean and the U.S. Coast Guard (USCG) Oct. 4-5 confirmed that there are no hydrocarbons leaking from the sunken Deepwater Horizon or the riserthe pipe linking the rig to the well head prior to the Macondo accident last year.

A two-day underwater examination conducted by Transocean and the U.S. Coast Guard (USCG) Oct. 4-5 confirmed that there are no hydrocarbons leaking from the sunken Deepwater Horizon or the riserthe pipe linking the rig to the well head prior to the Macondo accident last year.

European companies doing business in the U.S. are vulnerable to securities legal action in the U.S., especially if their shares are traded on U.S. exchanges and that number is rising, according to a report from Advisen.

The U.S. property and casualty industrys underwriting and operating performance saw significant deterioration in the first half of 2011, due to unprecedented catastrophe-related losses, according to A.M. Best.