As the transportation insurance segment goes, so goes the rest of the casualty market, according to those who write the business.

U.S. property-casualty insurers have weathered the global financial crisis well because of a superior risk management model, Robert Hartwig, president of the Insurance Information Institute, told an industry conference today.

A.M. Best Co. said it has revised Liberty Mutual Group's outlook to negative from stable for its financial strength and issuer credit ratings due to the group's "sizable deterioration" in overall capitalization.

Many insurers are overlooking a system to capture, manage and store unstructured data that can ease information workloads, help them deal with regulatory compliance and improve operational accountability, a recent survey has found.

As some companies begin eliminating or playing down the significance of annual mileage as a rating factor, a new study reports a "strong correlation" between miles driven and auto insurance claim costs.

For the growing number of aging workers, employers should modify the workplace, engage the workforce, institute wellness programs, and tailor jobs for older workers to avoid costly workers' compensation claims, a medical expert said.

Last week, the chairs of key Senate and House committees promised President Obama they will work together to have legislation on his desk by year's end creating a "new, more robust regulatory framework" for financial services firms.

The New York State Insurance Department and the Autoridade Monet?ria de Macau- Macau's insurance regulator - have reached a memorandum of understanding which will allow for closer cooperation between the two regulators.