Markets

The National Association of Insurance Commissioners has been working to figure out how to correctly compute health insurers medical loss ratios for future years, as mandated under the Patient Protection and Affordable Care Act.

Commercial and personal insurance lines pricing continued their upward drive through the month of June as composite rates matched the previous months increases, according to the latest MarketScout barometer.

Improved vehicle design has certainly had some impact on the reduction of accidents, but the decreased number of accidents reported to police agencies is more likely due to financial woes.

Windstorms that exploded through the Ohio Valley and mid-Atlantic late last week have left thousands without power and insurers dealing with an increasing number of claims that are rising into the tens of thousands.

The Japanese property and casualty insurance industry is expected to improve its earnings within the next year-and-a-half as adjustments the industry has made takes effect, says Moodys Rating Service.

The Japanese property and casualty insurance industry is expected to improve its earnings within the next year-and-a-half as adjustments the industry has made takes effect, says Moodys Rating Service.

Insurance industry professionals are furious with the New York state legislature after a bill was passed that did nothing to provide meaningful auto no-fault insurance reform, says the head of the states insurance company trade association.

Insurance industry professionals are furious with the New York state legislature after a bill was passed that did nothing to provide meaningful auto no-fault insurance reform, says the head of the states insurance company trade association.