E&S/Specialty

The Excess Line Association of New York (ELANY) has appointed Jasmin Chen Johnson as financial director.

Regulation of the surplus lines industry will be modernized and substantively streamlined under a provision of financial services reform legislation approved by House-Senate conferees.

Current market conditions may be the "new normal"--lasting for several years-- industry leaders predicted recently, with one attributing the continued softness to the absence of American International Group's historical price leadership.

The National Flood Insurance Program will pay claims for damage to homes and contents from oil driven ashore during hurricanes, its officials announced earlier this month.

CRC Insurance Services Inc. has acquired TB&C Wholesale Insurance Services of Glendale and Placentia, Calif.

Walmart may be the most frequent defendant named in wage-and-hour lawsuits, but insurers and pharmaceutical companies are also caught up in a maze of rules they did not know applied to certain subsets of their workforce, experts said.