Claims from individuals and businesses affected by the Gulf oil spill are more numerous and costly than BP anticipated.

Insurers across all sectors are acknowledging the impacts of climate change on their business, but they are failing to engage in discussions about how to stay ahead of the potential threats, a new preparedness study says.

Commercial-insurance rates climbed by almost 7 percent in Q4 2012 compared to the same period in 2011, a recent survey shows, although the upward-rate acceleration seen since the start of 2011 appears to have slowed.

Catastrophe-risk modeler Risk Management Solutions is preparing the insurance industry for an update to the North Atlantic hurricane model that jolted the perception of possible losses when it was released in 2011.

Catastrophe-risk modeler Risk Management Solutions is preparing the insurance industry for an update to the North Atlantic hurricane model that jolted the perception of possible losses when it was released in 2011.

Property and casualty carrier employment fell in January, virtually erasing the gains made in December 2012, according to an analysis of the latest figures from the U.S. Labor Departments Bureau of Labor Statistics.

Property and casualty carrier employment fell in January, virtually erasing the gains made in December 2012, according to an analysis of the latest figures from the U.S. Labor Departments Bureau of Labor Statistics.

Strong demand for a $270 million catastrophe bond allowed its issuer, U.S. Nationwide Mutual Insurance Co, to price it more cheaply than expected, leaving investors looking for a higher return from future issues.