For the International Association of Insurance Supervisors, achieving globally acceptable principals for insurance supervision continues to be a work in progress, but members say they are closer than theyve ever been to realizing that goal.

For the International Association of Insurance Supervisors, achieving globally acceptable principals for insurance supervision continues to be a work in progress, but members say they are closer than theyve ever been to realizing that goal.

A federal court has asked attorneys in a personal-injury lawsuit challenging the constitutionality of Mississippis $1 million cap on non-economic damage to present new briefs on the issue.

A federal court has asked attorneys in a personal-injury lawsuit challenging the constitutionality of Mississippis $1 million cap on non-economic damage to present new briefs on the issue.

Power-generating companies have had at least one major loss in excess of $25 million each year since 2005, and the continuing trend could lead to price and capacity issues if insurers begin to leave the market, according to a report from insurance-broker Marsh.

Willis Chairman and CEO Joe Plumeri sees "smaller, localized waves" replacing the the "rising tide that lifts all boats" when it comes to the insurance-pricing cycle. Willis sees a leveling off in commercial-property pricing in 2013, while casualty risks will likely see more increases.

Progressive says its net income for the first nine months of this year is down by 14 percent, or $106 million, to $653 million.

Progressive says its net income for the first nine months of this year is down by 14 percent, or $106 million, to $653 million.