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Despite rising rates and second-quarter performance that met or beat estimates for most insurers, the outlook for the industry is considered challenging, according to one analyst firm, as loss trends are picking up in personal lines and investment income is worsening across the industry.
Theresa Terri Vaughan today announced her retirement, effective in February, as chief executive officer of the National Association of Insurance Commissioners.
Theresa Terri Vaughan today announced her retirement, effective in February, as chief executive officer of the National Association of Insurance Commissioners.
Insurers that operate thrifts would be subject to the same capital standards at the holding-company level as banks, according to new rules proposed by federal regulators.
Insurers that operate thrifts would be subject to the same capital standards at the holding-company level as banks, according to new rules proposed by federal regulators.
A hardening market and exposure growth in Nationwides commercial lines segment has led to a 19 percent growth in policy sales during the first half of 2012.
Due to prolonged drought conditions in the Midwest, underwriting losses for 12 major corn and soybean producing states could be more than $2.8 billion, a recent report warns, and the trade group representing the crop-insurance industry says insurers have already paid out $822 million so far this season.
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