As the Florida OIR gets swamped with PIP coverage rate filings, the state's insurance commissioner says it appears savings will result from a mitigation of rate increases rather than actual rate reductions for most companies.

As the Florida OIR gets swamped with PIP coverage rate filings, the state's insurance commissioner says it appears savings will result from a mitigation of rate increases rather than actual rate reductions for most companies.

Catastrophe modeler Eqecat says a 7.3-magnitude earthquake in Columbia is expected to cause insured losses of less than $100 million.

A U.S. appeals court has rejected one major insurers direct loss defense and ruled that a national retailer is entitled to recover nearly $7 million for a computer-hacking claim.

A new study questions whether current underwriting practices could one day create a financial debacle for reinsurers.

As the world becomes increasingly precarious, new risks have either not been addressed or have been excluded by the industry, says insurance industry legend Patrick G. Ryan.

More investment in claims-management integration practices will benefit P&C insurers bottom line, chief claim officers (CCOs) say in a new survey from Towers Watson.

Insurers find themselves much more comfortable doing business with the private cloud services available on the market today because these services offer a controlled environment that doesnt have the public perception that their customer data is being stored on servers that also houses data for hundreds of other businesses.