Although economists generally do not expect sharp increases in inflation, insurers should develop plans to consider how they will respond if inflation surges amid record government spending and aggressive monetary policies, a new Swiss Re study states.

Florida Insurance Commissioner Kevin McCarty said he would approve a 7.8 percent workers' compensation rate increase after the National Council on Compensation Insurance (NCCI) asked for an 8.3 percent hike.

A panel formed to assess the state of coastal homeowners insurance in New York met for the first time earlier this week, with agent and regulatory representatives noting that there remains an affordability issue in some regions in the state.

The increasing frequency of low severity, rare weather events is impacting underwriting results for property and casualty insurers in the U.S., and the phenomenon is credit negative for insurers, Moody's said in its Weekly Credit Report.

Underwriting results for commercial auto have been favorable for the past seven years through 2009, a significant shift for the line of business relative to the prior 30 years, according to a new Conning Research & Consulting report.

Property and casualty rate reductions deepened slightly in August overall, but in general have stabilized over the past 12 months, according to the latest "barometer" survey results from MarketScout.

Three Atlantic hurricanes are currently churning, with two of them--both major Category 3 storms--prompting the National Hurricane Center (NHC) to issue warnings or watches.

The California Workers' Compensation Insurance Rating Bureau (WCIRB) has revised its workers' compensation rate increase request to