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  • Reinsurers have followed insurers in reassuring investors that crop losses from the ongoing US drought conditions are comfortably manageable as an earnings event for the second half of 2012
  • The National Association of Insurance Commissioners (NAIC) is on the search for a new CEO after announcing that Terri Vaughan is stepping down from the post in the first quarter of next year.
  • Major 2012 P&C mergers and acquisitions
  • Valuations for (re)insurers in The Insurance Insider's P&C universe
  • Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
  • Louisiana Citizens Property Insurance, the state-run property insurer of last resort, is set to hold settlement talks relating to two class action lawsuits filed after hurricanes Katrina and Rita in 2005.
  • The team responsible for winding down failed law firm Dewey & LeBoeuf has offered former partners more incentives to partake in a $90.4mn settlement - a so-called "clawback" deal that would release its participants from future litigation.
  • A National Association of Insurance Commissioners (NAIC) hearing was the scene of a clash between financial services officials and consumer advocates on the question of bank commission fees and premium rates in the controversial force-placed insurance market.
  • Pennsylvania-based insurer Erie Indemnity has received a complaint by the trustees of Erie Insurance Exchange alleging that it owes $308mn of fees to the Exchange.
  • The European Commission abandoned a two-year antitrust investigation into the International Group of (IG) protection and indemnity (P&I) companies without warning earlier this month, prompting speculation that an informal agreement was made with the IG behind closed doors.