Two snowstorms that hit the United States this month will cause insured damages in excess of $2 billion, according to a catastrophe risk modeling firm.

Property/casualty insurers are seeing rising loss costs, increased levels of litigation and higher rates of fraudulent claims because of the struggling economy, a survey has found.

Are insurance carriers putting too much weight on the results of catastrophe models in underwriting risks and managing their concentration of exposures?

The insurance market for social service facilities on both ends of the age spectrum is experiencing the same soft market conditions already dominating most lines of commercial coverage.

Property and casualty insurers are seeing rising loss costs, increased levels of litigation and higher rates of fraudulent claims because of the struggling economy, a survey has found.

Property and casualty insurers are seeing rising loss costs, increased levels of litigation, and higher rates of fraudulent claims because of the struggling economy, a recent survey revealed.

Harleysville Group Inc. said underwriting discipline helped it post 2009 fourth-quarter net income of $24.2 million, a 426 percent increase over the period in 2008 when the figure was $4.6 million.

Are insurance carriers putting too much weight on the results of catastrophe models in underwriting risks and managing their concentration of exposures?