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With Richmond, Va., continually growing as an excess and surplus lines insurance hub, the newest E&S carrier to set up shop there will distinguish itself with a "contrarian underwriting strategy," the company's chief executive says.

In the insurance industry, good communication between carriers and agents has always been essential, particularly when a carrier's ability to work effectively with agents has such a clear bottom-line impact.

Insurer use of consumer credit scoring for underwriting and pricing personal lines coverage was back under the glare of a congressional spotlight this month, with industry officials fending off attacks on the accuracy and fairness of such rating tools.

Think of real-time technology processing--the ability to access carrier information through an agency management system immediately--as a recently planted lawn with lots of young grass, but also some patches of brown.

With an eye toward servicing $1,500 surplus lines accounts rather than $200,000 accounts, the newest managing general agency in Connecticut aims to grow by capturing the small, hard-to-place business of each retail agent customer.

After seeing damages awarded against it in one lawsuit, a Chinese drywall maker announced last week that it settled a case brought against it by U.S. homebuilder Beazer Homes for an undisclosed dollar amount.

Outlining what claim professionals need to know about efforts to counter new trends toward underinsurance.

Businesses often overlook the need to buy extra or excess liability insurance limits, but these prudent coverage purchases are an essential safeguard, protecting against asset depletion from unforeseen risks.