Commercial Lines

Product Recall Insurance is one of the more high-profile products in the Excess & Surplus arena, with some 59 million products recalled last year and product-recall claims hitting seven figures. Click to see the Top 10 Product Recalls in 2012.

Storm damage in the U.S. in May will cost insurers at least $4 billion, says Aon Benfields Impact Forecasting.

Commercial P&C rates increased 5 percent year-over-year in May for the third consecutive month, with property, general liability and workers compensation showing the steepest hikes. Personal lines rate increases accelerated to 4 percent with both homeowners and auto policyholders paying more.

Commercial P&C rates increased 5 percent year-over-year in May for the third consecutive month, with property, general liability and workers compensation showing the steepest hikes. Personal lines rate increases accelerated to 4 percent with both homeowners and auto policyholders paying more.

There is a probability of 96-percent a hurricane of any strength will make landfallwith the usual suspects at the head of the list for landfall, says a team at Colorado State University.

Triad Guaranty Inc filed for Chapter 11 bankruptcy protection on Monday, court documents showed, after the U.S. mortgage insurer was hurt by higher insured losses on the back of weakness in the jobs and housing market.