Commercial Lines

The president-elect of Tokio Marine Holdings Inc, Tsuyoshi Nagano, says that Japan's largest property-casualty insurer by market value will continue to aggressively pursue overseas acquisitions amid weak growth prospects at home.

Storm activity in the eastern U.S. last week spawned a variety of damaging weather from the Southeast to the Northeast, and likely caused over $100 million in insured losses in Mississippi alone.

Congress is coming under renewed pressure from both state and federal legislators to reduce the cost of flood insurance and provide greater subsidies for the National Flood Insurance Program.

Congress is coming under renewed pressure from both state and federal legislators to reduce the cost of flood insurance and provide greater subsidies for the National Flood Insurance Program.

Superstorm Sandy will likely become the third-costliest hurricane in U.S. insurance history, but when examining historical storms using todays dollars and exposures, Sandy would fall to the 12th costliest storm, says the Insurance Information Institute.

Telematics devices are helping to reduce accidents and remove unsafe drivers from commercial-auto fleets, but effectively incorporating all of the new data into underwriting is a process still in its infancy, say insurance executives.