Commercial Lines

In this weekly segment, we bring you the top stories from PropertyCasualty360.com for the week. Click to see the top stories for the week of May 7, 2012.

Cat bond activity reached record levels in the first quarter of this year, exceeding last years placements by more than $300 million, says a leading reinsurance broker.

The medical-liability insurance industry has recently seen positive results and is working to minimize the peaks and valleys that it has historically seen, according to Brian K. Atchinson, the new president and chief executive officer of the Physician Insurers Association of America (PIAA).

The medical-liability insurance industry has recently seen positive results and is working to minimize the peaks and valleys that it has historically seen, according to Brian K. Atchinson, the new president and chief executive officer of the Physician Insurers Association of America (PIAA).

The CGL and BAP forms contain complementary exclusion language for property damaged during delivery and unloading, but a dispute over which form applies to a claim often starts when it is not clear when the property is finally delivered.

Insurers are less inclined to use prior-year reserves to mask losses, according to a financial analysts latest report.