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The last time an October hurricane made landfall was in 2005 when Hurricane Wilma struck Florida, according to modeler Risk Management Solutions (RMS).
Swiss Re unveiled a new leadership structure, including a new chief risk officer and chief operating officer, designed to strengthen the company's core capabilities and market presence.
The average U.S. property and casualty rate decrease was 4 percent during September, with the most competitive rates for accounts over $1 million in premium, according to MarketScout.
The Treasury Department said today that it expects the combined costs of the Troubled Asset Relief Program and other aid to American International Group will be "about $30 billion."
Allstate Corp. has filed a subrogation lawsuit against Toyota Motor Corp. which seeks compensation for the more than $3 million the insurer said it paid out on accident claims related to
A coalition of insurance agent groups is asking the National Association of Insurance Commissioners (NAIC) to exclude commissions from a new medical loss ratio (MLR) requirement in the health care law.
While the Council of Insurance Agents & Brokers is proud of the work it did for agents leading up to the health care reform law, the association's chairman said work remains to be done to safeguard members' interests.
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