A survey of insurance carriers finds the commercial-insurance market is remaining relatively flat for the ninth month in a row, says Towers Watson.

In today’s environment, agents need to have a social networking site, but the challenge is to understand the risks and to do it properly, says an insurance consultant.

Despite market conditions that should be edging pricing up, the U.S. property and casualty market still remains soft with composite rates in May running at minus-4 percent, according to online insurance-exchange MarketScout.

Allstate unveiled plans to revamp its distribution channels and its business strategy to grow its property and casualty business, but the executive director of the company’s agents’ association has criticized the plans.

The total risk capital of insurance-linked securities dropped by $223 million despite the second highest two-quarter issuance of catastrophe bonds in the history of the market, says Guy Carpenter Securities.

Richmond, Va.-based insurance broker The Hilb Group, LLC, received a financial boost to its acquisition strategy with the announcement that BHMS Investments, LP, completed a controlling equity investment in the brokerage firm.

Executives caught up in a regulatory maelstrom could get some peace of mind over who will pay their legal bills thanks to a new insurance product aimed at streamlining the directors and officers liability claims process, says Willis Group.

Arizona wildfires continue to spread unabated as officials say the Wallow fire has moved through the town of Greer, but there is hope some progress to contain the fire will be made today.