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The difference between specialty lines and standard lines is standard lines have higher volume and lower contract value with the inverse being true in specialty lines, according to Catherine Stagg-Macey, a senior analyst with Celent.

The marketplace for vendor partnerships, and mergers and acquisitions remains very active, according to George Grieve, CEO of CastleBay Consulting.

Aon Corp. said it will acquire human resource and outsourcing consulting firm Hewitt Associates Inc. for approximately $4.9 billion in a combination stock and cash transaction.

Marshall & Swift/Boeckh (MSB) has launched an integrated suite of business intelligence solutions known as InFocus Solutions that will allow property insurers to diagnose potential concerns and act on opportunity areas within their books of business.

Premium pricing continued to show downward pressure for the first quarter of 2010 for commercial and large accounts, according to a report released by insurance broker Aon.

The House leadership is hoping to process as early as Wednesday, legislation that would provide certainty to the National Flood Insurance Program.

Senate Democrats inched closer toward passage of financial services reform legislation today when Sen. Scott Brown, R-Mass., said he would vote for the measure.

A Congressional subcommittee will hold a hearing Wednesday on whether Congress should tighten rules dealing with the tax deduction taken by insurers who cede premiums to overseas affiliates, including reinsurers.