With the onset of the hurricane season, the insurance industry is exhibiting signs of reaching its soft-market bottom as capacity is beginning to be reined in and some lines of business are seeing price increases, according to a report from insurance broker Marsh.

Catastrophe losses in June cost U.S. insurers at least a quarter billion dollars, and China suffered more than $5 billion in economic loss.

The Wisconsin insurance commissioner says Ambac Financial Group’s plan for reorganization is not in the best interest of policyholders and says he intends to contest it.

The Wisconsin insurance commissioner says Ambac Financial Group’s plan for reorganization is not in the best interest of policyholders and says he intends to contest it.

Claims frequency is not having an effect on directors and officers liability insurance pricing and coverage, according to a June analysis from insurance broker Aon, finding that the D&O market is still a buyer’s market.

Claims frequency is not having an effect on directors and officers liability insurance pricing and coverage, according to a June analysis from insurance broker Aon, finding that the D&O market is still a buyer’s market.

In this turbulent economic environment, personal-lines insurers have the edge over their commercial-lines counterparts and are a more attractive place for investors, according to a recent report.

Farmers Insurance will pay more than $1.5 million in overtime back wages to 3,459 employees for pre-shift work they performed but were never compensated for.