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P&C insurers saw their first-half net income collectively jump by more than 245 percent in 2012 compared to the prior year, as the industry benefited from premium growth and a sharp drop in catastrophe lossesbut experts have mixed opinions on those figures.
The Commercial Auto segment recorded its first underwriting loss in eight years in 2011 due to a combination of declining premiums, increasing claims severity and a reduction in favorable prior-year reserve releases, a new report reveals.
A sports promotion insurer may take legal action against cyclist Lance Armstrong after a U.S. anti-doping committee moved to strip him of his tour wins and offered mounds of evidence supporting claims of cheating.
Celebrating Zurich Insurances 100 years of insuring America, Chicago Mayor Rahm Emanuel proclaimed the month of December Zurich Insurance Month in the city.
Celebrating Zurich Insurances 100 years of insuring America, Chicago Mayor Rahm Emanuel proclaimed the month of December Zurich Insurance Month in the city.
Louisiana Citizens Property Insurance Corp. says it has settled 85 percent of the more than 17,000 claims it received from Hurricane Isaac, the fastest it has settled so many claims after a significant loss event in its history.
An experimental communications satellite flying piggyback aboard a Space Exploration Technologies' Falcon 9 rocket fell out of orbit and burned up in the atmosphere following a problem during liftoff, satellite operator Orbcomm said on Friday, resulting in a $10 million insurance claim.
An experimental communications satellite flying piggyback aboard a Space Exploration Technologies' Falcon 9 rocket fell out of orbit and burned up in the atmosphere following a problem during liftoff, satellite operator Orbcomm said on Friday, resulting in a $10 million insurance claim.
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