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Carole J. Banfield was named Insurance Woman of the Year by the Association of Professional Insurance Women.

As states exit the recession with a focus on saving money in the new economy, workers' compensation systems will have to strip out as many unnecessary costs as possible to be successful, a workers' compensation expert said.

Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and its sister publication, American Agent & Broker, with entries due by July 1.

Reinsurers have not been especially disciplined, and they in fact prolonged a soft insurance market that should have ended a year ago, a broker said here yesterday.

Mario Vitale, Zurich Global Corporate chief executive officer is the recipient of the Boys Hope Girls Hope of New York 2010 BHGH Vision of Hope award.

U.S. commercial property and casualty insurance premiums and corresponding rates were down 4 percent last month, but an uptick is coming for energy rates, an insurance exchange executive predicted.

A bipartisan amendment to the financial services reform legislation in the U.S. Senate is aimed at exempting insurers from paying for the resolution of large non-insurance financial services companies.

Depending on where an organization is located, the phrase "natural catastrophe" may encompass hurricanes, floods, earthquakes, hail, tornadoes, blizzards, landslides and possibly tsunamis.