Commercial Lines

Property and casualty insurers shed 1,400 jobs in April compared to March, an unusual occurrence that bucks the recent trend of employment gains for April, according to Insurance Information Institute President Robert Hartwig.

It will be extremely difficult for Congress to delay a train that is nearing its destination, an insurance industry executive says in reaction to the flurry of legislative efforts to forestall flood insurance rate hikes mandated under a 2012 law.

Commercial-insurance rates were up by 7 percent in 2013s first quarter compared to the same period a year ago, essentially continuing the pace of increases seen over the past two quarters, Towers Watson says in a recent survey.

Commercial-insurance rates were up by 7 percent in 2013s first quarter compared to the same period a year ago, essentially continuing the pace of increases seen over the past two quarters, Towers Watson says in a recent survey.

PC360 talks to John Q. Doyle, CEO of Global Commercial Insurance for AIG, about pricing trends, recent departures and the company's overall strategy.

A look at first-quarter results of the 50 largest U.S. insurers shows the industry may be starting to see the benefits of price increases the last two years.