Commercial Lines

Workers compensation and commercial auto risks saw the steepest rate increases in January at +4% compared to the same month in 2013, but the commercial-lines market overall continued its moderating trend, MarketScout says.

Radian Group Inc, the biggest U.S. private mortgage insurer, reported a quarterly profit after four straight losses as fewer homeowners defaulted on their loans in a recovering housing market.

Hartford Financial Services Group's quarterly profit exceeded analysts' average expectation as it benefited from lower disaster losses, and the insurer announced a new $2 billion share buyback plan.

Whether considering market dynamics or organizational functions, transformation may be the most important word for insurers in 2014, according to Deloitte analysis.

Insurance limits attach above the primary layer of risk imposed on the insured in both self-insured retentions and deductibles, but these types of coverages are different.

Aon says its 2013 fourth-quarter net income attributable to shareholders was $355 million, compared to $305 million for 2012s fourth quarter, and total revenue increased 3% to $3.2 billion.