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Insured losses are expected to be minimal after a 7.1 magnitude earthquake struck off the coast of Honduras early yesterday morning, according to AIR Worldwide.

The June 15 deadline is looming for risk managers to submit an entry for the third annual National Underwriter "Award For Excellence In Workers' Compensation Risk Management," sponsored by the National Council on Compensation Insurance.

A federal bankruptcy court has sided with Travelers Insurance Company over an attempt by an insured to reach a settlement with asbestos claimants without the approval of the carrier in a scheme the court said could financially benefit the insured.

Lawsuits related to climate change could expand faster than the explosion of asbestos claims and have significant impact on insurers, Swiss Re is warning in a new report.

The German Bankers Association is calling on Congress to create an optional federal charter for insurers, saying federal regulation would promote "better regulation with no less scrutiny" than under the current system.

London-based insurance broker Jardine Lloyd Thompson Ltd. is advising company directors to take steps to mitigate risk of exposure to the current swine flu pandemic and check their directors and officers liability.

An aging population is impacting the underwriting and pricing of property-casualty insurance products ranging from personal lines to commercial coverages, experts told a meeting of the Casualty Actuarial Society.

The Federal Emergency Management Agency must accelerate development of its plan to improve the nation's ability to respond to a national catastrophe, the Government Accountability Office said.