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Large lobbying expenditures by P&C insurance companies in 2011 predictably focused on catastrophe issues and on pursuing legal reform, according to data released by SNL Financial.
Analysts agree that a drop in P&C reserve releases is inevitable as years of soft-market pricing catch up with loss realitiesand one report questions 2011 releases from recent accident years for longer-tail commercial lines.
Consumer advocates and an industry representative disagreed on the competitiveness of the auto-insurance industry after a consumer group released results of an auto-insurance affordability survey.
An 85-square-mile wildfire raging out of control for a week in northern Colorado has destroyed 181 homes, ranking it as the most destructive blaze in state history, fire officials said on Saturday.
The third named storm of the Pacific hurricane season made landfall in Mexico over the weekend, but modeler AIR Worldwide says it does not expect large insured losses from the event.
A federal judge rejected claims by two former Marsh & McLennan Cos executives that the big insurance broker colluded with Eliot Spitzer when he was New York attorney general to make them scapegoats in a bid-rigging probe, and avert criminal charges against their longtime employer.
A federal judge rejected claims by two former Marsh & McLennan Cos executives that the big insurance broker colluded with Eliot Spitzer when he was New York attorney general to make them scapegoats in a bid-rigging probe, and avert criminal charges against their longtime employer.
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