Commercial Lines

Once again, the National Flood Insurance Program finds itself in danger of lapsing, as the House must act Tuesday to keep the program going.

Negative implications of Nationwide Mutual Insurance Companys planned acquisition of Harleysville Mutual Insurance Company, including increasing Nationwides catastrophe exposure, offset the positives the company will see through improved diversification, according to Moodys Investors Service.

Two major global insurance brokers and an international insurer are using three different techniques to grow their businesses through relationships with smaller brokers and agencies.

Catastrophes caused significant 2011 first-half underwriting losses for U.S. property and casualty insurers, driving the industrys net income for that time period down 67 percent to $6.9 billion relative to the year before, according to an A.M. Best Special Report.

After making two landfalls on China, insured losses from Typhoon Nesat are expected to remain below $50 million due to low levels of damage and low insurance penetration, according to catastrophe modeler Eqecat.

Catastrophe-exposed risks showed the greatest premium rate increases across the world for the third quarter, coming in at approximately 10 percent, but otherwise insurance rates have remained stable, according to a report from insurance broker Marsh.

Catastrophe-exposed risks showed the greatest premium rate increases across the world for the third quarter, coming in at approximately 10 percent, but otherwise insurance rates have remained stable, according to a report from insurance broker Marsh.

Having one of the highest employee-to-client ratios in the insurance industryone servicer for every two accountsmeans KMRD Partners, a winner of NU/AA&Bs 2011 Commercial Agency Awards for Excellence, can provide exceptional attention to every piece of business.