Carriers say commercial insurance prices were relatively unchanged for the eighth consecutive quarter, while accident-year loss ratios deteriorated on a year-to-year basis, according to a recent pricing survey from Towers Watson.

A group of banks seeking to prevent guaranty insurer MBIA from splitting into two companies says the company underestimated its losses by as much as $10 billion to the New York Insurance Department.

The long-term effects of Japan’s disaster on the insurance market remain unclear, but there are indications that some firming is taking place for risks in catastrophe-prone areas, say executives from insurance broker Aon Corp.

Due to the earthquake and tsunami in Japan, Munich Re says it will not reach its profit target for 2011 after reporting an expected loss of more $2 billion from the event.

Another chapter has closed on the contingent commission kickback saga with an agreement reached between nine insurers and insurance brokers and clients who alleged the industry tried to manipulate the business.

Another chapter has closed on the contingent commission kickback saga with an agreement reached between nine insurers and insurance brokers and clients who alleged the industry tried to manipulate the business.

Among the more controversial topics that we cover is global warming and its impact upon the insurance industry. Opinions aside, are producers missing an opportunity to grow their business by turning green into green?

Commercial property and casualty insurers could take the biggest hit both in losses and credit worthiness from the earthquake in Japan, according to a Moody’s report.