E&S/Specialty

Goodyear Tire & Rubber Co. has filed a lawsuit against Travelers Casualty and Surety Co. over the insurer's denial of defense and indemnity costs for future asbestos-related claims.

House Democrats are demanding an explanation as to why the Federal Housing Finance Agency prohibited Fannie Mae from executing a plan to introduce new specialty lenders into the forced-place insurance market.

The Florida Citizens Property Insurance Corp. released details an audit of about 475 cases of internal complaints at the insurer since 2008including some eye-opening occurrences of discrimination, fraud, corruption, affairs and theft.

QBE Insurance, Australia's top insurer by premium income, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its dividend.

The ingredients are in place for stronger U.S. mergers and acquisitions activity in 2013, and the potential for deals among Bermuda reinsurers may finally be realized as competitive pressures increase momentum for consolidation, a new report says.

Small-to-midcap businesses will be prone to rising primary coverage rates in the D&O market in 2013, led by increased litigation and regulatory scrutiny, says Marsh.