Property & casualty insurance carriers depend on agile and modern IT systems to respond to fast-changing regulations, competitive threats, new opportunities and customer demands. Policy administration is at the heart of these operations, but logistical challenges and costly risks associated with replacing or consolidating these core systems have prevented...

Property & casualty insurance carriers depend on agile and modern IT systems to respond to fast-changing regulations, competitive threats, new opportunities and customer demands. Policy administration is at the heart of these operations, but logistical challenges and costly risks associated with replacing or consolidating these core systems have prevented...

While the excess and surplus lines sector is maintaining good profitability and strong balance sheets, challenges from high-catastrophe exposures and low interest rates remain, says a Moodys Investors Service report.

Allstate Corp. says it expects about $260 million in pretax catastrophe losses for the 2012 first quarter.

Property insurer Travelers Cos Inc blew past Wall Street earnings estimates for the first quarter and raised its dividend 12 percent as natural disaster losses declined and insurance rates continued to rise after years of weakness.

Marsh presented to Lloyds of London the original insurance slip for the RMS Carpathia, the ship that rescued more than 700 survivors from the RMS Titanic, after she sank 100 years ago.

Doing business in Asia is very different from the United States or Europe in both cultural and business terms, and understanding that difference can avoid personal embarrassment or imprisonment.

Doing business in Asia is very different from the United States or Europe in both cultural and business terms, and understanding that difference can avoid personal embarrassment or imprisonment.