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The Oldwick, N.J.-based firm said the "tremendous" negative impact of those events resulted in a 2007 industrywide combined ratio of 141.3, as compared with the five-year average of 87.7 and the ten-y

Claims involving only the breakage of vehicle glass, without corresponding collision damage, have long been considered a nuisance in claim operations for many major insurance carriers.

Property-casualty insurers are getting rich by "methodically overcharging consumers," reducing coverage, underpaying claims and having taxpayers pay some of the tab for risks that carriers should

WASHINGTON--Property-casualty insurers are getting rich by "methodically overcharging consumers," reducing coverage, underpaying claims and having taxpayers pay some of the tab for risks insurers shoul

Can you name a coverage that represents $25B-$30B in annual claim payouts, represents more than 90 percent of an average nine-month claim cycle time, yet has seen little-to-no investment in technology and innovation?

National consumer organizations and the Consumer Federation of America released a study in January stating that the property/casualty insurance industry has dramatically increased profits and surplus

Hunter says profits are 'excessive,' labels insurance a 'low-risk

The loss and loss adjustment expense ratio for 2006 is estimated to be 68.3 percent, the lowest in 27 years. The years 2003 through 2006 represent four of the six lowest loss and LAE ratios in the