As one property and casualty industry report points to rising combined ratios for insurers, with experts citing the need for better underwriting results, a separate analysis of first-quarter industry figures indicates the commercial-lines market may be starting to turn.

As more insurers begin to make second-quarter loss estimates from tornado-spawning storms that ravaged parts of the U.S. in April and May, Aon Benfield says insured losses for the two months are nearly triple the annual average over the last 20 years.

In the area of homeowners insurance, U.S. carriers spend about $190 million dollars a year on inspection programs to support risk management of new and renewal business. Yet many underwriters have difficulty quantifying the ROI of these programs. Those who can quantify inspection program results often find a...

Churchill Downs Incorporated says it has property and business interruption insurance on its racing properties to cover losses related to a tornado that hit the Kentucky Derby horse track June 22.

Sen. Richard Shelby today expressed “confidence” that Congress will be able to enact legislation mandating a long-term reauthorization of the National Flood Insurance Program before the current authorization runs out Sept. 30.

Bermuda insurers and reinsurers see price increases for property catastrophe risks, but recent events are not translating into broader industry increases, according to report released by Keefe, Bruyette & Woods.

The White House is conducting background checks on S. Roy Woodall, a sign that it is finally moving to fill the slot on the Financial Stability Oversight Council reserved for an independent member with insurance expertise.

New York lawmakers have sent to the governor a commercial deregulation bill that allows insurers to go to market with some policies before regulatory approval.