The property and casualty insurance industry's consolidated net income through the first three quarters of 2009 improved dramatically, although association leaders warn there remain plenty of reasons for concern.
Property and casualty insurers' current investment portfolios are well positioned to deal with continued investment market volatility, according to the latest analysis from Moody's Investors Service.
Property and casualty insurers are increasing spending on information technology from 2008 to 2009 by 1.6 percent, down sharply from the prior two years, a survey found.
The insurance industry has traditionally been ahead of the curve when it comes to anticipating important trends, getting out in front of large-scale behavioral shifts and rapidly adapting to evolving societal realities.
A Moody's Investors Service study finds the property and casualty insurance industry's investment portfolio well positioned for future success especially compared to other financial services sectors.
Writers of environmental liability insurance see both threats and opportunities ahead as carriers conduct business under an Obama administration expected to put more emphasis on heading off climate change.
In addition to the near-bankruptcy of American International Group, 2008 will stand out as a year when turmoil in global financial markets cut the property and casualty insurance industry's investment gains in half.
The property and casualty industry posted a $1.3 billion first-quarter loss--the worst result it has recorded in more than 20 years of surveying consolidated results, the Insurance Services Office reported.
The property and casualty industry posted a $1.3 billion first-quarter loss--the worst results it has recorded in more than 20 years, the Insurance Services Office said.
The only real way to test the effectiveness of an organization's enterprise risk management system is with real-life disasters, and on that score, property-casualty insurers passed with flying colors in 2008, according to analysts.