The explosion of the Deepwater Horizon oil rig in the Gulf of Mexico has changed sentiment among energy underwriters and will likely lead to new market dynamics.
Workers' compensation insurance writers saw total pharmacy spending per injured worker in 2009 rise 6.5 percent, according to a report by a risk management services firm.
Severe flooding in China this summer has caused massive destruction and tens of billions of dollars in damage, but is unlikely to have a large impact on the insurance industry, Guy Carpenter's Instrat unit said.
Pennsylvania court cases ruling that subcontractors' faulty work should be excluded from commercial general liability (CGL) policies has caused a coverage gap for insureds and confusion for agents selling the policies, a state agent association said.
Since the economic recession began in December 2007, employment in the insurance industry has decreased across multiple sectors, including claim adjusting, according to the I.I.I.'s latest report.
Since the economic recession began in December 2007, employment in the insurance industry has decreased across multiple sectors, according to a new report.
Working in the insurance industry for nearly half a century--and serving with the Insurance Services Office since its foundation in 1971--Carole J. Banfield
The majority of the American public is not overly supportive of legislation allowing policyholders to file first-party bad-faith lawsuits, the Insurance Research Council (IRC) said in a new report.