Commercial Lines

According to a Towers Watson survey, commercial lines carriers are looking to tighten the gap between them and their personal lines peers when it comes to the use of predictive modeling.

According to a Towers Watson survey, commercial lines carriers are looking to tighten the gap between them and their personal lines peers when it comes to the use of predictive modeling.

Chicago-based insurer CNA says 2011 fourth-quarter net income dropped 37 percent on the combination of lower net-investment income, catastrophe losses and reserve charges in its life business.

Catastrophe losses in 2011 led to the U.S. property and casualty industrys largest underwriting loss since 2002, and while 2012 should see a modest improvement in pricing, a true hard market is likely at least a year or two away, according to A.M. Best.

The property and casualty industrys positive rate momentum continued into the New Year as rates crept up another 1 percent in January, according to the online insurance exchange MarketScout.

A nonprofit organization and its directors and officers face similar risks as a for-profit board of directors, and might have more to lose. But more and more, for a variety of reasons, nonprofits seem to realize the exposures.

A nonprofit organization and its directors and officers face similar risks as a for-profit board of directors, and might have more to lose. But more and more, for a variety of reasons, nonprofits seem to realize the exposures.

As cyber risks increasingly become a top-of-mind issue for a wide spectrum of businesses, the market for policies is wide openand the competition intense.