Commercial Lines

Most business owners who purchase Garagekeepers Legal Liability insurance are concerned about vandalism or theftbut what happens when the cars in their care are damaged by gunshots?

American International Group is planning to buy back less stock from the Treasury this year than analysts had expected, it announced today.

American International Group is planning to buy back less stock from the Treasury this year than analysts had expected, it announced today.

The difference in insurance penetration between the developed and developing world was fully illustrated in August, as the first hurricane striking the U.S. Gulf Coast since 2008 is expected to cost insurers more than two major typhoons that struck China, according to a report from Aon Benfield.

There is near universal agreement that carriers are achieving rate increases for property and casualty business, but analysts and company and brokerage executives struggle to say what can be expected over the long term as the industry appears to be in new territory from a pricing cycle standpoint.

Swiss Re has closed the sale of the Admin Re U.S. business to Jackson National Life Insurance Co.