Winter storms that delivered major snowfalls across the U.S. fueled P&C insurers cat-loss concerns in Februarybut the resulting level of claims proved to be modest, says Aon Benfield in its latest Global Catastrophe Recap.

U.S. insurers saw their collective net income jump by 50 percent in 2012 compared to 2011, and this year the industry looks as if it will benefit from some favorable trends in both the insurance market and the economy at large, even as it deals with some familiar challenges, according...

South Carolina Farm Bureau Mutual Insurance (SCFBMI) has modernized its mainframe applications through the use of enterprise application modernization software from the technology firm Micro Focus. The software application has delivered efficiencies to the insurer that will net the carrier approximately $620,000 in annual savings.

South Carolina Farm Bureau Mutual Insurance (SCFBMI) has modernized its mainframe applications through the use of enterprise application modernization software from the technology firm Micro Focus. The software application has delivered efficiencies to the insurer that will net the carrier approximately $620,000 in annual savings.

More than half of small U.S. businesses surveyed by the Ponemon Institute were found to have experienced at least one data breach in the entire span of their operations, but only a third notified customers of the situation.

The CEO of insurance broker Brown & Brown says cultural fit is the driving force behind insurance-agency acquisitions, and those that make price their priority dont become partners of the firm.

Hannover Re is mulling acquisitions but will likely avoid large targets, its chief executive said on Friday.

Pennsylvania State University has sued Pennsylvania Manufacturers Association Insurance Co.the school's liability insurer of more than 50 yearsfor denying coverage for litigation costs related to former assistant football coach Jerry Sandusky.