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The low interest rate environment is increasing pressure on Allianz to cut costs because it undermines the insurer's ability to earn adequate returns on investment, Chief Financial Officer Oliver Baete said.

Victoria, Australia was struck by the largest earthquake to hit the region in more than a century on Tuesday morning, but AIR Worldwide says there should be no significant insured losses.

For the past two-and-a-half years, members of IASA have been taking the pulse of the insurance community. Now theyre upgrading their survey distribution methods via social media outlets to better attract feedback from the thousands of IASA members.

For the past two-and-a-half years, members of IASA have been taking the pulse of the insurance community. Now theyre upgrading their survey distribution methods via social media outlets to better attract feedback from the thousands of IASA members.

U.S. insured losses in March from severe weather are expected to pass $1.8 billion, according to Impact Forecasting, the catastrophe-model-development center for Aon Benfield.

U.S. insured losses in March from severe weather are expected to pass $1.8 billion, according to Impact Forecasting, the catastrophe-model-development center for Aon Benfield.

JM/Burnham partners with Hartford, Neace Lukens acquires Sellersburg, Kessler opens office

European insurers, on the front line of the region's sovereign debt crisis because of their big exposure to distressed Italian bonds, will be forced to share losses with customers and rely on regulators to be lenient if Italy reneges on its debt.