Net income at Liberty Mutual Insurance fell nearly 51 percent in the 2011 fourth quarter and about 78 percent for the year on catastrophe losses and reserve strengthening.

Commercial property and workers compensation continue to lead rate increases in MarketScouts latest survey on market conditions.

The longer the debate over the tax-sharing option within the Nonadmitted and Reinsurance Reform Act rages, the better off the surplus-lines industry is, say legislative-committee leaders of the National Association of Professional Surplus Lines Offices.

The longer the debate over the tax-sharing option within the Nonadmitted and Reinsurance Reform Act rages, the better off the surplus-lines industry is, say legislative-committee leaders of the National Association of Professional Surplus Lines Offices.

In a report filed with the Securities and Exchange Commission, Allstate says the number of Allstate-exclusive agencies has fallen to about 10,000 from about 11,500 in 2010.

Berkshire Hathaways insurance group reported a 30.5 percent drop in pre-tax earnings in 2011, driven mainly by $2.6 billion in pre-tax losses from catastrophe events.

The Florida House Economic Affairs Committee has advanced legislation to reform the states no-fault Personal Injury Protection (PIP) program.

Consumers today have new ways of buying and shopping for insurance, and insurers have new ways of delivering products to their customersbut do insurers truly understand what it takes to attract and retain customers in todays market?