Property and casualty carrier employment decreased by 0.2 percent in October compared to September, dropping to the lowest employment level in the last 20 years, according to an Insurance Information Institute analysis of Bureau of Labor Statistics data.
The lack of hurricanes making U.S. landfall this season is credit positive for reinsurers, according to Moody's Investors Service, as 2010 experienced worldwide natural catastrophe losses about in line with the average over the last 20 years.
The lack of hurricanes making U.S. landfall this season is credit positive for reinsurers, according to Moody's Investors Service, as 2010 experienced worldwide natural catastrophe losses about in line with the average over the last 20 years.
Health care reform legislation is expected to have some impact on workers' compensation costs, but those impacts should be gradual and reflected in normal ratemaking processes, Swiss Re said in a recent report.
The Independent Insurance Agents and Brokers has written to members of the House of Representatives asking that all of the Bush tax cuts be extended to eliminate uncertainty for agents and brokers.
Employment in the property and casualty insurance industry declined in September 2010, casting doubt on hopes that industry employment trends were turning around.
Title insurers remain affected by the economy and housing struggles, and there is no clear catalyst for change in the near term, according to a Fitch Ratings outlook on the title insurance industry.
Medical professional liability insurers need to develop new capabilities to be profitable in a field that will experience several changes in the wake of health care reform, according to a new Conning Research study.
Employment in the property and casualty insurance industry declined in September 2010 compared to August, and declined by 2.9 percent compared to September 2009, casting doubt on hopes that industry employment trends were turning around.
The New York State Supreme Court in Albany County has rejected the arguments of two agent associations that the state insurance department's planned producer compensation disclosure regulation is arbitrary and unnecessary.