A competitive insurance market is not the only force fueling the design of new directors and officers liability products, according to experts, who say consumer demand is also creating a market for

Five individuals with a South Florida company that provided workers' compensation insurance services to businesses have been hit with a civil complaint by the Securities and Exchange Commission allegi

With the $1 billion addition, Lexington said its total noncatastrophe property capacity has now been raised to $1.5 billion. The company added that the additional capacity will cover North American-ba

The study says that worldwide there were 143 natural catastrophes and 193 manmade disasters in 2007. These resulted in the loss of 20,000 lives and $70 billion in economic losses. Property insurers pa

Between 2002 and 2004, the IRC study said, average liability premium costs dropped from $559 to $476, a 15 percent difference. The study noted that nationwide, this number increased 9 percent over the

New York insurance agent groups fighting an assortment of fee and fine increases proposed by Governor Eliot Spitzer appear to have won one battle in the state Senate regarding a $15 Motor Vehicle insu

Approved unanimously by both houses on March 5 and sent to Gov. Mitch Daniels, the measure was supported by insurance trade groups, who say the costs of police responding to an accident are already co

Following up on a national study released in January that reached similar conclusions, CFA said the problem is particularly acute in New York, where loss ratios are significantly lower than the nation