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California Gov. Jerry Brown signaled support Friday for reducing the cost to state businesses of the workers compensation program by signing two bills approved by the industry.
Too often, subrogation response is a source of leakage, but it need not be. While there are no hard and fast rules, P&C insurers can take steps to dramatically improve results.
The U.S. property and casualty industrys underwriting and operating performance saw significant deterioration in the first half of 2011, due to unprecedented catastrophe-related losses, according to A.M. Best.
A special report on the surplus lines market reveals Lloyds of London has taken over as the leader in surplus-lines market share with 18.3 percent compared with 16.8 percent held by AIG companies.
While the brave new world of uniform state regulation of the non-admitted insurance market finally dawned July 21, the details of its implementation are proving to be a bit devilish.
California has moved to streamline some agent-licensing provisions, but the new law does not address a priority of agents and brokers: uniform licensing laws through reciprocity.
The first-half results for P&C insurers are in and the results are not very pretty, as the industry reported more than a 71 percent drop in net income.
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