Reinsurers should take into account the fact that climate change has boosted natural catastrophes when they price weather disaster insurance, insurer Munich Re said.

U.S. taxpayers could pay a record $15 billion to subsidize the privately run crop insurance program this year, double the recent cost due to devastating drought in the Farm Belt, say an array of agricultural economists.

Todays announcement that Willis Group Chairman and Chief Executive Officer Joe Plumeri will be stepping down does not come as a shock to financial analysts, but one analyst says the announced replacement did come as a surprise, and disappointed investors.

Commercial insurance premium growth was nearly three times higher in emerging markets compared to advanced markets from 2000-2010, and insurers are expected to seek more growth opportunities in these regions as economic growth slows in advanced markets, a new report says.

Rates for excess/umbrella casualty coverage insurance continued to rise in the third quarter, as more large companies faced increases, according to a report from Marsh.

With more and different information being collected each second by insurance carriers and the methods in which that content is being collected also changing rapidly, many insurance carriers are looking closely at their enterprise content management (ECM) systems and the upgrades that may be needed.

With more and different information being collected each second by insurance carriers and the methods in which that content is being collected also changing rapidly, many insurance carriers are looking closely at their enterprise content management (ECM) systems and the upgrades that may be needed.

Joe Plumeri is stepping down as chairman and chief executive officer of the worlds third-largest brokerage.