E&S/Specialty

A federal report on Chinese drywall found the building material contains higher concentrations of bothersome chemicals, but said these would not cause the health issues or physical degradation of property that have been seen.

Did the availability of directors and officers liability insurance products contribute to the credit crisis fueled by investment firms that securitized subprime mortgages and other debt obligations?

If an underwriter stopped by the office a few years ago and proposed that drywall leads to significant pollution liabilities, you probably would have laughed.

The depth of reductions in U.S. property and casualty insurance rates, which had been slowing over the course of 2009, accelerated again last month, MarketScout reported.

Property and casualty insurance trade groups are lauding Senate Democrats' decision to include provisions modernizing and reforming the surplus lines industry in legislation they unveiled for financial services regulatory reform.

The chairman of the Senate Banking Committee unveiled an omnibus financial bill that would require a study of ways to modernize insurance regulation and creation of an Office of National Insurance.