Commercial Lines

Italys northern Emilia Romagna region was hit by the second powerful earthquake in just over a week on Tuesday afternoon local time, as a 5.8 magnitude temblor caused 10 fatalities and damaged structures and historical landmarks.

While reserve releases are expected to continue through 2012, the industry has likely exhausted most of its reserve cushion, and rate actions that companies have taken in recent months may not be sufficient to prevent continued deterioration, A.M. Best says.

The second tropical storm of the yet-to-officially-commence Atlantic hurricane season put a damper on holiday plans in Florida this weekend.

Ted Devine, CEO of Insureon, says he feels blessed to have the opportunity to try and provide insurance for an electronic wheelbarrow-maker.

Effective risk management helps casinos beat the odds on multiple exposures.

From a single-owner-operated company to one with a payroll as high as $10 million, carriers (and plenty of them) in the small-business segment are fluid, adjusting constantly to emerging risks for businesses with navetand without risk managers.