Willis Group Holdings took a charge of $28 million after an internal audit discovered a group of employees within the company falsified commissions and fees earned for more than five years.

A long time monitor of the commercial lines markets released figures giving evidence to an overall rise in the personal lines insurance space by 2 percent in February.

The testiness between guaranty insurer MBIA and a group of banks over insurance coverage of structured financial instruments got more personal as each side accused the other of wrongdoing in court.

Commercial lines insurance rates rose 3 percent in the 2011 fourth quarter, according to a Towers Watson survey, providing further evidence that the years of soft-market momentum may be reversing course.

A.M. Best issued downgrades for three insurers last week, citing catastrophe losses as an impediment to profitability.

The Missouri Supreme Court says an insurance broker does not violate state law by accepting contingent commissions and not disclosing them, but may owe a fiduciary duty to reveal the commissions.

The Missouri Supreme Court says an insurance broker does not violate state law by accepting contingent commissions and not disclosing them, but may owe a fiduciary duty to reveal the commissions.

Reserve releases are showing signs of ebbing and insurers are pushing rate increases that could translate into as high as 10 percent increase over this year, according to a report.