The difference in insurance penetration between the developed and developing world was fully illustrated in August, as the first hurricane striking the U.S. Gulf Coast since 2008 is expected to cost insurers more than two major typhoons that struck China, according to a report from Aon Benfield.

There is near universal agreement that carriers are achieving rate increases for property and casualty business, but analysts and company and brokerage executives struggle to say what can be expected over the long term as the industry appears to be in new territory from a pricing cycle standpoint.

Today, NY-based claims management company Invision named a new president and claims manager to oversee operations.

Swiss Re has closed the sale of the Admin Re U.S. business to Jackson National Life Insurance Co.

Reinsurance broker Guy Carpenter & Co. says it has received approval from the China Insurance Regulatory Commission to open a new branch office in Shanghai, China.

Decision Research Corporation (DRC), a rating and policy processing software provider for the p&c insurance industry, announces the release of an all-new claims solution for DecisionMaker Suite.

Decision Research Corporation (DRC), a rating and policy processing software provider for the p&c insurance industry, announces the release of an all-new claims solution for DecisionMaker Suite.

Norman-Spencer acquired Keenan Marine, new programs from Chubb, Vertafore and BB&T, The Institutes announced recipients of the 2012 Andrew S. Frazier scholarships, FEI to underwrite environmental coverage with Berkley Custom