Commercial Lines

Moodys reports its rated commercial lines insurers are indicating a reduced appetite for risk.

Travelers Insurance Cos. are exiting the Write-Your-Own market, selling the National Flood Insurance Program policies its companies write to American Bankers Insurance Company of Florida.

Liberty Mutual says it has hired industry veteran Mike Martin to lead the sale of property and other specialty products to mid-sized and large commercial accounts.

Despite claims to the contrary, Congress may very well be forced to reopen the debate on the 2012 bill reauthorizing the National Flood Insurance Program.

A colossal wildfire raging across the western edge of Yosemite National Park swept further into the park on Sunday and forced the evacuation of some its camps. The fire was also threatening power and water supplies to San Francisco, about 200 miles to the west.

The Insurance Institute for Business and Home Safety has released an update to its Rating the States report, which looks at building codes of the hurricane-prone states from Texas to Maine.