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In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of...

XL Group CEO Michael S. McGavick believes that Superstorm Sandy will not be a capital event for the insurance industry, but he does think it will change the industrys perception of risk in the Northeast.

While catastrophe modelers are still revising their insured-loss estimates for Superstorm Sandy, one thing looks certain: It will rank among the costliest U.S. hurricanes ever.

Tom Gallagher recounts the damage Hurricane Andrew inflicted and an industry forever changed.

It was the storm no one thought, or no one remembered, could happen and it would forever change Florida's property market and the way the insurance industry does business.

It was the storm no one thought, or no one remembered, could happen and it would forever change Florida's property market and the way the insurance industry does business.

RiskMeter Online, a provider of real-time, natural hazard risk reports to underwriters and agents, announces it has expanded its offerings from catastrophe risk modeling firm EQECAT.

Reinsurance renewals continue to firm, but ample capacity is offsetting some pricing pressures produced by past catastrophe activity and catastrophe-model changes, says reinsurance broker Guy Carpenter.