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Although declining industry surplus would normally spur a hard market, last year's 12 percent plunge is a less potent driver of insurance market conditions than a demand falloff resulting from depression-like economic conditions, some experts say.

Do Eliot Spitzer's views on the financial crisis have value despite his exit in disgrace as New York's governor? Click to www.property-casualty.com to answer this week's NU online poll.

Daytona Beach, Fla.-based insurance brokerage Brown & Brown said it has acquired W. R. Reed & Co. of Portland, Ore. Financial terms were not released.

In NU's most recent online poll, 78 percent do not believe AIG will ever repay taxpayers for its federal bailout. NU Editor In Chief Sam Friedman assesses the odds for himself in his blog today at www.property-casualty.com.

Financially troubled Bermuda-based surety insurer Syncora Holdings Ltd. has been delisted from the New York Stock Exchange and will no longer file as a publicly traded company, the firm announced.

Trusted Choice, the independent insurance agent branding campaign, said it has received two Aurora Awards for advertising excellence.

Catastrophe bond issuance activity is not expected to re-visit the record-breaking levels of 2007, but estimates currently put 2009 on track to supplant 2008 as the third-busiest year for cat bonds, according to a brokerage forecast.

The Nevada Surplus Lines Association said in cooperation with the Nevada Division of Insurance it has launched a television advertising campaign advising consumers to do thorough research before buying insurance.