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New York Insurance Department Superintendent Eric Dinallo, who is reported as a likely candidate for elective office will resign his post July 3 to take an academic post, Gov. David Paterson announced today.

Fifty-four percent of wholesale brokers and excess and surplus lines carriers are seeing increases in submission activity, a survey by a surplus lines group has found.

Vermont Gov. Jim Douglas signed legislation into law yesterday, designed to give the state a leg-up in the heated competition between captive insurance domiciles--both onshore and offshore.

The Miami office will provide Allied Healthcare, A&E and Misc. E&O coverage.

A federal judge in Virginia rescinded a legal malpractice insurance policy after finding that the firm's ignorance of one attorney's embezzlement of client funds could not save coverage for malpractice lawsuits against it.

The Travelers Companies Inc. said it has established a think tank, The Travelers Institute, to participate in public policy debates on matters of interest to the property-casualty insurance sector as well as the financial services industry.

Florida Governor Charlie Crist yesterday signed into law a measure that could raise homeowners insurance rates up to 10 percent for policyholders with the state-created Citizens Insurance Corp.

Property and casualty insurance industry first quarter profits continued to slide with net income declining 89.4 percent according to the Highline Data Performance Monitor.