Commercial Lines

The property and casualty insurance market continues to achieve single-digit rate increases but analysts maintain there is little indication drivers are in place for a shift to a hard market.

Most business owners who purchase Garagekeepers Legal Liability insurance are concerned about vandalism or theftbut what happens when the cars in their care are damaged by gunshots?

There is near universal agreement that carriers are achieving rate increases for property and casualty business, but analysts and company and brokerage executives struggle to say what can be expected over the long term as the industry appears to be in new territory from a pricing cycle standpoint.

Average rate increases for commercial and personal insurance lines continued their upward push through August rising an additional point over the prior month, says MarketScout.

Claims from Hurricane Isaac are beginning to roll in, and the storm is expected to be absorbed by primary insurers with little effect on reinsurers, says a ratings agency.

Claims from Hurricane Isaac are beginning to roll in, and the storm is expected to be absorbed by primary insurers with little effect on reinsurers, says a ratings agency.