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Global P&C insurance-pricing trends have led to modest gains for Marsh clientswith the U.S. leading price increases of more than 2 percent, says an executive with the industrys top insurance brokerage.

Willis Chairman and CEO Joe Plumeri sees "smaller, localized waves" replacing the the "rising tide that lifts all boats" when it comes to the insurance-pricing cycle. Willis sees a leveling off in commercial-property pricing in 2013, while casualty risks will likely see more increases.

Two recent reports by the same analyst firm illustrate the unpredictability of the insurance-pricing cycle, as one report notes industry reserves are approaching inadequacy, while the other states that property-catastrophe rate increases, which had led the charge out of the soft market, appear to be slowing.

A new multi-industry push for a National Flood Insurance Program extension, the state of pricing in the industry, and more.

After suffering through a year of elevated property losses and poor underwriting results in 2011, U.S. commercial-lines insurers are positioned to deliver improved operating results this yearbut carriers will still struggle to reach previous profit marks, one analyst says.

As a further sign the insurance-pricing cycle is beginning to shift, Moodys Investors Service says some companies are reporting strong growth in excess and surplus lines business, generally a sign that standard-market carriers are tightening underwriting and shedding business.

Nearly all risk managers (96 percent) have significant concerns about the availability and pricing of coverage, according to a survey of member firms of The Independentsan international coalition of insurance brokers and risk-management-services firms.

Risk managers and financial executives who are facing property renewals have significant concerns about the availability and pricing of coverage, according to a global survey.