The Independent Insurance Agents & Brokers of America says U.S. House of Representatives Committee on Financial Services Chairman Spencer Bachus, R-Ala., will address the Annual Leadership Luncheon just prior to the IIABAs Legislative Conference & Convention.

Lloyds says record catastrophe losses led to a loss of more than $800 million for 2011 as the specialty-insurance market experienced the largest catastrophe-claims year in its history.

The debate over healthcare reform is finally being heard before the Supreme Court this week in what some courtroom analysts are calling a marathon three-day session of oral arguments.

The magnitude 7.1 earthquake that rocked Chile on Sunday is not expected to be a significant insurance loss, while Japan once again experienced a significant quake today that fortunately caused no damage.

An analysis of 2011 direct-written premiums and direct-loss ratios for property and casualty insurance makes the case for continued rate increases in the coming year, a financial analyst says.

According to data compiled by SNL Financial LC, Johnston, R.I.-based mutual property insurer FM Global reported a net loss of $32 million for 2011 compared to net income of more than $767 million for the prior year.

Sixteen state insurance agencies failed a national state-evaluation test, but Mississippi came out on top of the 50-state review.

Sixteen state insurance agencies failed a national state-evaluation test, but Mississippi came out on top of the 50-state review.