The property and casualty industry posted its first half-year underwriting profit since 2007 and saw net income and pretax operating income increase by 65 percent and 40 percent respectively compared to 2012s first half, a new report states.

Florida, Louisiana and Massachusetts are all taking steps to help residents in coastal areas deal with potential huge increases in flood insurance premiums.

Florida, Louisiana and Massachusetts are all taking steps to help residents in coastal areas deal with potential huge increases in flood insurance premiums.

News from NAPSLO, THB Intermediaries, AmWINS, Lockton, The Insurance Marketing and Communications Assn., The Property Casualty Insurers Assn. of America, Fireman's Fund, Cavignac & Assocs. and Willis.

News from NAPSLO, THB Intermediaries, AmWINS, Lockton, The Insurance Marketing and Communications Assn., The Property Casualty Insurers Assn. of America, Fireman's Fund, Cavignac & Assocs. and Willis.

Reinsurer Munich Re expects to keep its pricing power steady in renewing risk cover contracts with insurers in the coming weeks, playing down the competitive threat from pension fund investors that may undermine prices.

While the role the U.S. will play in new global-regulatory proposals remains uncertain, the threat of additional layers of restrictive guidelines is a very real threat, says David Sampson, CEO of the Property Casualty Insurers Association of America.

Louisiana municipalities are increasing chlorine levels in public water systems to combat a brain-eating amoeba, but legal experts warn that liabilty issues arising from this strategy may be excluded from insurance coverages