"Insurers are broadening coverage terms and conditions, thereby effectively creating greater net price reductions," he added. "Some large admitted carriers are broadening the class codes they write in

The report, authored by Mark Watson, managing director at Moody's, pointed out that increasing regulation is forcing insurers to improve their governance and risk management practices. Boards, the rep

The report, authored by Mark Watson, managing director at Moody's, pointed out that increasing regulation is forcing insurers to improve their governance and risk management practices. Boards, the rep

The firm said Mr. Klanica, who has over 30 years of experience, will be responsible for overseeing the Finance, Treasury and Information Technology groups. He will also report to Douglas H. May, presi

In acting, the NAIC was responding to consumer representatives' criticism that the models have led to unnecessary insurance rate increases after the storms of 2004 and 2005. The decision was made at t

The poll in May by the National Association of Insurance Commissioners said policyholders were ignorant because of confusion about possible damages that policies cover as well as an incorrect belief t

SAN FRANCISCO--Property-casualty insurance industry representatives have expressed concerns at the National Association of Insurance Commissioners meeting here about the NAIC's new procedure for develo

Businesses believe terrorism insurance is a valuable risk management component, so slightly more firms have purchased it and retained it despite property insurance rate increases in 2005, according to