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The UK Financial Services Authority announced last week that a tribunal upheld its decision prohibiting the former chief executive at a General Reinsurance Group unit from working in financial services.

72% of respondents to a recent survey on D&O claims issues answered yes to the question, "Have you been involved in an actual claim where the D&O insurer paid more than you believe it needed to, based upon the facts and coverage issues?"

In case someone hasn't gotten the message, the decision of the Obama administration to administer the toughest kind of love possible to the automobile industry shouldn't be lost on the insurance community.

Cutting-edge technology and evolving business strategies will be revealed to insurers, reinsurers, producers and other insurance industry-related professionals attending the 2009 ACORD LOMA Insurance Systems Forum.

Even as some insurance industry bonuses draw criticism, Jack Windolf, the chief executive officer of Bollinger Insurance Solutions brokerage, is drawing national acclaim for dishing out $1,000 to all 434 company employees from his own pocket.

The board of directors of IPC Holdings Ltd. said last week that it would stay on track with its decision to merge with Max Capital Group Ltd., spurning an offer from Validus Holdings Ltd. and seemingly ending a heated contest between the two suitors.

While the premiums generated from writing transportation risks may seem tempting to insurers, experts in the field warn that a certain level of expertise is required to turn those premiums into profit.

Pushed up by limited capacity, U.S. property-catastrophe reinsurance rates for April 1 renewals had increases up to 14 percent for national programs, a reinsurance brokerage reported.