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Remote access, advance planning help Midwest businesses work around "Snowpocalypse"

Keefe, Bruyette & Woods expects weakening returns on equity and continued soft pricing for the property and casualty industry, but a hard market could emerge sooner than many anticipate.

Keefe, Bruyette & Woods (KBW) said it expects weakening returns on equity and continued soft pricing for the property and casualty industry, but the financial analyst said a hard market could emerge "sooner than many anticipate."

Insurers may not know the true impact of a recent snow storm that blanketed the Northeast until the ice and snow melt, but for now State Farm, the area's leading insurer, said it has received nearly 600 claims as of Monday at midnight.

In terms of insurance losses, the blizzard that hit the northeast over the holiday weekend is less severe than snowstorms affecting the same area earlier this year, according to officials at the Insurance Information Institute.

Flooding, a 7.7 magnitude earthquake and tsunami combination, and a super typhoon highlighted what was a busy October for catastrophes, in what has already been an active year, Aon Benfield said in a new report.

Green coverages mature to meet market demands.

Try to imagine this dream sequence--sort of a remake of "The Treasure of Sierra Madre." A grim lawman walks in on a group of insurers and demands to see their books.