Commercial Lines

The Thursday decision of the Senate Banking Committee to support the idea of splitting the difference on the wind-v-water issue is setting off a fierce, albeit behind-the-scenes, lobbying campaign within the insurance industry.

The Thursday decision of the Senate Banking Committee to support the idea of splitting the difference on the wind-v-water issue is setting off a fierce, albeit behind-the-scenes, lobbying campaign within the insurance industry.

A group of chief risk officers from 23 leading North American property & casualty and life insurers announced the formation of the North American CRO Council.

Insured losses from catastrophic events for the 2011 first half increased 141 percent over the same period last year, but the disasters claimed significantly less lives according to a report from Swiss Re.

Carrier executives, brokers, catastrophe modelers and risk managers talk to NU about how the industry has changed in the 10 years since 9/11.

Tropical Storm Nate, one of three current Atlantic tropical cyclones, appears to be tracking south of yesterdays forecast and now looks as if it will make landfall in the middle portion of Mexico.