Commercial Lines

The U.S. property and casualty insurance industry saw its net income after taxes fall to just under $8 billion for the first nine months of 2011, compared to net income just over $27 billion for the same period in 2010, according to a report by ISO, the Property Casualty Insurers...

With the National Flood Insurance Program finally provided breathing space until May 31 through one of President Obamas last actions of 2011 on Dec. 23, industry officials now say one of their top priorities in the New Year is to ensure the latest short-term extension is the last.

With the National Flood Insurance Program finally provided breathing space until May 31 through one of President Obamas last actions of 2011 on Dec. 23, industry officials now say one of their top priorities in the New Year is to ensure the latest short-term extension is the last.

As the year comes to a close, Marsh issued a report saying current insurance rates are on a two-speed track, with loss affected accounts experiencing steep increases while good risks can still benefit from decreases on renewal.

As the year comes to a close, Marsh issued a report saying current insurance rates are on a two-speed track, with loss affected accounts experiencing steep increases while good risks can still benefit from decreases on renewal.

Insured losses from Australias catastrophe-filled 2011 have now topped $4.3 billion, according to the Insurance Council of Australia.