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The insurance industry was the second most fraud-prone industry sector behind communications according to a global economic crime survey released by PricewaterhouseCoopers.

An insurance industry official told a congressional panel that lawmakers must be careful to ensure any expanded federal insurance does not artificially suppress rates or crowd out private carriers.

Homeowners insurers, after a mediocre performance during the past five years, can likely look forward to a series of challenges over the next few years from regulators and natural catastrophes, a res

Although expansion of the market is slowing, Celent reported, there remains potential for expanding the nation's premium per capita figure, which currently is just above $4,000, or 10 percent of the g

Michael Barrett, legislative representative for the Independent Insurance Agents and Brokers of New York (IIABNY), which opposed fee and fine increases, said, "We had been lobbying against this since

Surplus lines brokers and insurers, who will meet to discuss issues in the crosshairs of their market segment this month, will also have an opportunity to attend educational sessions about broader

Insurers and reinsurers providing directors and officers liability and errors and omissions coverage could see "manageable" losses from the subprime mortgage collapse that exceed $2 billion, Bank of A

Total average cost of economic crime losses for insurance businesses over two years is $5.5 million, while average direct losses were $4.47 million, according to the annual "Global Economic Crime Surv