Keep pace with today’s business world and the pivotal issues impact your commercial lines insurance clients with news and information about industry trends, best practices, emerging risks, and recovering from major losses.
Berkshire Hathaway saw its 2011 first-quarter net income drop more than 58 percent to $1.5 billion after catastrophes in the quarter caused estimated losses of nearly $1.7 billion.
Demand for insurance to cover terrorism risk, and the appetite of commercial insurers to write it, could grow following the killing of Osama bin Laden by United States forces.
Demand for insurance to cover terrorism risk, and the appetite of commercial insurers to write it, could grow following the killing of Osama bin Laden by United States forces.
While Florida agents and brokers have become adept at adjusting to the new normal of stagnant rates and reduced premiums afflicting the E&S commercial property market, there are reasons to believe change may be on the way.
New rules that expose executives and directors of troubled financial-services institutions to unexpected negative consequencesincluding the possible loss of their salaries and other compensationhave sparked the creation of a new insurance coverage.
Ample capacity remains for new business in the insurance marketplace, but catastrophe losses are beginning to strain rates and increases are likely in some sectors, according to a report released by Marsh.