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Tremendous insured losses from natural catastrophes in 2011 took a toll on pricing across all insurance segments, according to the newly released Risk and Insurance Management Society Benchmark Survey measuring Total Cost of Risk and its impact on 10 industry groups.

New York City could soon be home to the worlds longest aquariumhoused in its subway system.

Standard carriers that looked where they normally wouldnt for premium during the soft market are throwing the risk back into the ring for excess carriers.

New York City could soon be home to the worlds longest aquariumhoused in its subway system.

New York City could soon be home to the worlds longest aquariumhoused in its subway system.

Geographic diversity is not a hedge against loss, a Chartis executive saysa lesson amplified for the industry after it suffered more than $100 billion in losses from 2011 events.

The P&C commercial market has officially achieved hard-market status, according to the Council of Insurance Agents and Brokers (CIAB)although some executives at major carriers remain skeptical.

Overcapitalization, high surplus and low-investment returns are keeping insurance rates out of balance and masking the true state of the market, according to two industry executives.