The European Union's powerful insurance watchdog EIOPA on Friday blasted stagnant political talks to finalise new risk capital rules for the insurance sector, saying delay was undermining EU credibility internationally.

The European Union's powerful insurance watchdog EIOPA on Friday blasted stagnant political talks to finalise new risk capital rules for the insurance sector, saying delay was undermining EU credibility internationally.

Global property and casualty insurance rates increased by less than one percent for major lines during the third quarter this year, indicating that prices may be stabilizing, says a report from insurance broker Marsh.

Global property and casualty insurance rates increased by less than one percent for major lines during the third quarter this year, indicating that prices may be stabilizing, says a report from insurance broker Marsh.

While insurers continue to achieve rate increases in workers compensation, experts say it is not yet enough to make up for rising costs and low investment income.

While insurers continue to achieve rate increases in workers compensation, experts say it is not yet enough to make up for rising costs and low investment income.

Karen Clark changed the way insurance companies look at their risks when she developed the first catastrophe model. Today, she is releasing another product she says will revolutionize the way companies manage risk.

Karen Clark changed the way insurance companies look at their risks when she developed the first catastrophe model. Today, she is releasing another product she says will revolutionize the way companies manage risk.