Commercial Lines

This year could see fewer tropical systems gaining hurricane strength than in 2012, but a greater number of storms might intensify to Category 3 or higher, according to a recent forecast.

The Hanover Insurance Group is sponsoring the Naismith Memorial Basketball Hall of Fames 2013 Class Announcement, the second time the property and casualty insurer has been involved with the sports award.

American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in case of mistakes or wrongdoing.

American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in case of mistakes or wrongdoing.

Hundreds of millions of dollars in losses may not be the first thought that comes to mind when discussing Trade Credit Risk coverage, but an executive with the Zurich says that is what the global financial crisis cost the insurer over the past five years.

Large-scale weather events in the U.S. dominated insurance losses in 2012, pushing global insured claims for the year to $77 billion, says a report from Swiss Re.