The penetration of commercial liability insurance is increasing across all industries on a global basis, but experts fear it is underpriced and insurers need to pay closer attention to the risks, a report from Swiss Re says.
Few Brazilian farmers buy agricultural insurance, in part, because product offerings don't meet their needs, they lack insurance awareness and the budget is low for premium subsidies, a study found.
Swiss Re has appointed Stefan Lippe chief executive officer. He will replace Jacques Aigran, who resigned. Lippe has been with Swiss Re for 25 years. He was appointed a member of Swiss Re's Executive Board in 1995, and served for 10 years as
Walter A. Bell, departing Alabama Insurance commissioner, will join Swiss Re America Holding Corp. as chairman. He will supervise all of Swiss Re's businesses in North America and Latin America. Bell currently leads the NAIC's International Insurance
The study, "Non-life claims reserving: improving on a strategic challenge," examined various reserving techniques used by insurers, reported factors that contribute to reserving errors, and suggested
Liberty Mutual Property introduces food-processing endorsementLiberty Mutual Property, part of the Liberty Mutual Group, announced an endorsement to its commercial property coverage for the food-processing industry. RM Custom Select addresses
Scrap Asbestos Trust Fund, Insurer Says Liberty Mutual leads drive to scuttle key provision in Senate reform billBy ARTHUR D. POSTALWASHINGTONLiberty Mutual Insurance Company is ...
Hurricane Katrina and other third quarter catastrophes has already made 2005 the costliest year ever for six major European reinsurance groups, according to a ...
Insurers' global results for 2004 showed the industry continued expanding and regaining strength, with inflation-adjusted premiums rising by 2.3 percent, to $3.244 trillion, Swiss ...