Pembroke, Bermuda-based RenaissanceRe Holdings, Ltd. reported second-quarter net income of $271.2 million, nearly a 100 percent increase over the $135.7 million reported for the period in 2008.

The sudden death of Michael Jackson might trigger one of the biggest event cancellation claims in the insurance industry's history.

U.S. property and casualty insurers intend to invest in claims technology over the next two years, mostly to ensure customer satisfaction, according to a Towers Perrin survey of claim officers.

Catastrophe bond issuances are down in the first half of 2009 compared to the same time period in 2008, but second-quarter activity represents a rally from an economy-driven slump, a new Guy Carpenter report said.

Property and casualty insurance companies may be forced to raise prices soon as increased harvesting of reserve redundancies is expected to leave a limited cushion for 2009, according to Moody's.

Writers of environmental liability insurance see both threats and opportunities ahead as carriers conduct business under an Obama administration expected to put more emphasis on heading off climate change.

National Conference of Insurance Legislators leaders said they are working on a model act to protect consumers from "the widespread economic fallout of controversial credit default swap transactions."

Progressive Insurance Company has rolled out its version of the "Pay As You Drive" auto insurance program, which the company has named MyRate, in Texas--the 15th state in which the program is available.