Litigation

Lloyd's underwriters and Arch Specialty Insurance must pay legal defense costs for accused Texas Ponzi scheme operator R. Allen Stanford, a federal appeals court has ruled.

Insurance company executives said insurers have themselves to blame for the prolonged soft market.

Researchers delivered good news to directors and officers liability insurers who cover defendants in securities lawsuits this year, revealing that the number of securities class actions plummeted in 2009.

If current trends continue, cyber insurance coverage just may take its place alongside workers' comp, general liability, fire and auto insurance in the core commercial property and casualty package.

The federal taxpayer funded WTC Captive Insurance Company announced that it has reached a $657 million injury settlement with workers involved in World Trade Center cleanup and rescue activity.

Any legal effort to block New York's compensation disclosure rule for insurance producers will likely fail, a former regulator told agents and brokers who met here.

Dr. Hartwig testified before the Michigan House Insurance to urge policymakers to examine the underlying factors affecting high insurance rates. Chiefly among them, he said, is the state's unlimited threshold for no-fault claims.