E&S/Specialty

Economic malaise for housing, commercial building may keep market

With the looming prospect of nearly $2 billion in professional liability claim payments, fallout of an alleged Ponzi scheme orchestrated by Bernard Madoff, insurers will likely embark on more careful

NEW YORK--The property-casualty industry is entering an "invisible hard market," with the bottom-line benefits of rising prices undermined by disappearing exposures in a contracting economy, the head

"Today we face a transformational moment," said Rep. Rosa DeLauro, D-Conn., chief sponsor of the Paycheck Fairness Act. "With a new Congress, a new administration, we have a chance to finally provide

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

The convergence of Wall Street's meltdown, falling insurance industry surplus, uncertainty over the future of medical care financing and a persistently soft commercial lines market has created a

Insurance associations representing brokers who sell excess and surplus lines insurance say they will work aggressively this year to get federal legislation reforming and modernizing the surplus

The late-December deal which has American International Group selling Hartford Steam Boiler to Munich Re Group is the biggest recent deal in dollar terms to hit the specialty sector, but broker deals