New York-based Standard & Poor's changed its rating outlook for personal lines insurers to negative last month, indicating that ratings downgrades are expected to outpace upgrades over the next
Delivering bad news for directors and officers liability insurers who cover defendants in securities suits, studies show the number of class actions jumped 19 percent in 2008, and that large
In a finding that impacts directors and officers liability insurers, researchers reported today that securities class actions jumped 19 percent last year and financial firms were prime targets for
Although Laura Mazzuca Toops, editor of our sister publication, American Agent & Broker, reported in our November edition that the red-hot agency acquisitions market had slowed, deals involving
Anyone predicting a top-10 story list for 2008 back in late 2007 would have likely put the passage of federal surplus lines reform on the list. But it didn't make the list simply because it didn't
Not since 2001 has the date of one of the biggest events on the E&S/specialty lines market calendar coincided with what may be a turning point for the market and the property-casualty insurance
The continued soft market was a common thread that tied our monthly newsletters together this year. Nearly every issue we delivered in 2008 had an article forecasting when it would end or detailing
It was business as usual for surplus lines insurers and brokers before AIG's near-bankruptcy came to light on Sept. 15--which meant, among other things, they were placing unusual risks and developing
"Kelley Leaves Lexington For Ironshore," read the Dec. 9 NU Online News Service headline, announcing that the head of one of the nation's top surplus lines carriers had jumped ship to join a
The information on the year ended Sept. 30, 2008 is available in the "Fiscal Year 2008 Performance and Accountability Report," posted on the EEOC's Web site,