Markets

U.S.-based multinational companies will likely benefit from an ongoing soft insurance market, as competition for a range of coverages for these companies is expected to continue through 2011, Marsh said in a recent report.

Despite significant natural catastrophes in 2010, the mining market is enjoying the same soft market insurance conditions that many other industries are experiencing, according to insurance broker Willis.

Catastrophe losses helped drive an 84 percent decline in Pembroke, Bermuda-based PartnerRe Ltd.’s 2010 fourth quarter net income, and the company reported that upward revisions for New Zealand earthquake and Australia flood losses added 12 points to the combined ratio.

Brown & Brown, Inc. said its fourth quarter net income increased 36 percent over the prior year despite organic growth in commission and fees dropping 3 percent during the same period.

As Facebook and other sites expand their applications, those involved in the handling of claims and cases must be properly prepared to gain access to this vast library of individualized information for use in an evidential setting.

Independent reinsurance brokerage firm Holborn said the first quarter has been an eventful one for reinsurers, who will post losses on several events including a recent cyclone and flooding in Australia and developing losses from the New Zealand and Chilean earthquakes in 2010.

Do Side A D&O policies add value at a time when terms of standard “ABC” policies are getting broader? Mark Paccione of Everest Specialty Underwriters argues that they do, and explains the benefits.

CSST failures are annually responsible for millions of dollars in property damage across the United States, but most homeowners have little knowledge of the hidden dangers of the combination of this flexible tubing system and indirect lightning strikes.