A combination of higher coastal populations, artificially suppressed rates for last-resort insurers, and the inability of insurers to charge rates commensurate with risk along the coast has driven the residual property market in hurricane-exposed states to new peaks in both exposure value and policy levels, says the Insurance Information Institute....

A combination of higher coastal populations, artificially suppressed rates for last-resort insurers, and the inability of insurers to charge rates commensurate with risk along the coast has driven the residual property market in hurricane-exposed states to new peaks in both exposure value and policy levels, says the Insurance Information Institute....

The downward trend in property and casualty insurer employment that began in 2008 may finally be reversing, says Insurance Information Institute President Robert Hartwig, as May 2012 becomes the third straight month with positive employment figures for carriers.

American International Group is entitled to over $30 million from the government due to overpayment of taxes in 1991, according to a complaint the insurer filed in the United States Court of Federal Claims.

The property and casualty market has firmed, Wells Fargo Insurance is telling its clients, but a separate Willis Re analysis of June 1 and July 1 reinsurance renewals shows a highly segmented approach to pricing, where rate increases are tied to loss activity on accounts rather than a hardening market.

If pure performance is the primary criteria by which a business executives stature should be judged, then Dick Bouhan is truly a legend.

When Warren Buffett speaks, people listen. So who better to quote than the super investor when it comes to the impressive insurance career of Jack Byrne.

Two major wildfires continue to burn in Colorado and New Mexico weeks after lightening ignited the infernos, and the active blazes have prevented insurers from assessing the extent of homeowner losses.