The co-chairmen of the deficit commission appointed by President Obama proposed “aggressive tort reform” as one of its recommendations for reducing the federal budget deficit....

The National Conference of Insurance Legislators (NCOIL) appears set to win the support of another state legislative trade group for its interstate compact designed to implement the surplus lines reform law passed by Congress earlier this year....

American International Group issued $2 billion in bonds, the first time it has issued debt since the government bailout of the company in 2008....

Liberty Mutual Chairman and CEO Edmund “Ted” Kelly said only strong companies that recognize global business opportunities will succeed because they will be poised to take advantage of the market when it improves....

Households are reducing their financial obligations, which mean one thing to the insurance industry: impeded growth....

A number of Bermuda insurers reported significant drops in net income in the third quarter of 2010—many within the 20-50 percent range, with declines primarily related to the New Zealand earthquake and other smaller catastrophes....

The marine market has seen improvements compared to last year as shipping has picked up after the economic crisis of 2008, but both insurers and the shipping industry continue to suffer from overcapacity....

As employment practices liability lawsuits fueled by the recessionary job cuts move forward, experts see mixed signals for claims severity, including a possible fourfold spike in the level of emotional distress awards in successful cases....

Challenges that keep business people awake at night focus on compliance with ever-changing legal requirements....

The $250 million punitive damage award in the gender discrimination lawsuit against Novartis has triggered renewed interest by risk managers in the availability and insurability of punitive damages under employment practices liability insurance....

At a time when experienced health care professionals are in short supply and budgets are under pressure, safety hazards in the health care industry are putting employees at risk, according to an industry report....