As employment practices liability lawsuits fueled by the recessionary job cuts move forward, experts see mixed signals for claims severity, including a possible fourfold spike in the level of emotional distress awards in successful cases.
For fiscal year 2010, the U.S. Equal Employment Opportunity Commission received nearly 100,000 new private sector charges of employment discrimination--a record high and a jump of 7 percent over 2009, the agency reported.
Low investment yields and tight regulatory standards together may spell lower profits for the global insurance industry and higher prices for policyholders, a just-released Swiss Re report warns.
Participants in the excess and surplus lines industry generally expect a replay of 2010 market conditions in 2011, but that does not mean they believe the soft market is a "new normal" for the property and casualty industry.
When Louis Levinson of Argo Group described a recent restructuring of the company's U.S. E&S units to NU last month, he began with a simple comparison of two organizational charts.
The vast majority of domestic specialty carriers put the size of the program business market at $20 billion or over in a recent survey, and a third of the respondents
Although municipal bonds make up 27 percent of the investment portfolios of property and casualty insurers, even bond losses that could result from extreme stress scenarios are expected to be manageable, Moody's reported.
Although municipal bonds make up 27 percent of the investment portfolios of property and casualty insurers, even bond losses of $2 billion to $4 billion that could result from extreme stress scenarios are expected to be manageable, Moody's reported.
The vast majority of domestic specialty carriers put the size of the program business market at $20 billion or over in a recent survey, and a third of the respondents believes the market is over $40 billion.
Even though enterprises large and small are losing the battle against cyber attacks, specialty insurers are expanding coverages triggered by computer privacy breaches as rapidly as new enemies emerge to pursue new targets, experts said here.