Surplus lines producers who previously saw technology as a source of disruption to their business model, and retail agents who once had limited access to global specialty markets, are having their needs addressed, executives said here.

With summertime in full swing, many people have turned their attention to fun in the sun, making it a busy time for organized sports activities

Having insurance for product recall is invaluable, but it does not serve as a substitute for implementing good procedures to deal with a recall, a consultant with insurance broker Marsh said.

Traditional insurers' websites are beginning to get the better of the online direct-to-consumer auto insurers, as The Hartford outshined 16 other competitors in an analysis by a technology consulting firm.

Improvements in analytic capabilities allow companies to get the best price for their insurance and allow prudent risk transfer choices, but risk managers need to share the information they glean with upper management, insurance brokers at Marsh said.

The property insurance take-up rate for terrorism insurance continues to rise as 61 percent of companies surveyed by insurance broker Marsh purchased the coverage.

First-quarter U.S. property and casualty insurers' net income improved by more than $10 billion over the same period last year despite the challenges of a soft market, according to industry figures released today.

With tornadoes last week in the Midwest and fires in Arizona this week, 2010 is shaping up to be a busy year disaster wise for insurers, with one incident already getting a catastrophe designation.