The prediction came from Tropical Storm Risk (TSR), a consortium of experts on insurance, risk management and seasonal climate forecasting led by the Benfield UCL Hazard Research Centre at University

Sheila Breeding, a spokeswoman for Allstate in New Jersey, a subsidiary of the Northbrook, Ill.-based company, said as of Feb. 5, the company will no longer write new homeowner, condominium, mobile ho

With considerable uncertainty over prices and conditions in the commercial insurance market, insurers need to be prepared to walk away when prices fall below a prudent, risk-based premium level, the L

ACE Chief Financial Officer Philip Bancroft said the company had moved from a components-based worksheet approach to a range of earnings per share estimates with assumptions for revenue growth and est

"We didn't think [Hurricane] Katrina and the events of last year warranted a broader hardening market event because rates were adequate in many areas, so there really wasn't a need for increases," he

A year after its first report, "Pandemic Influenza: Managing the risks of an invisible threat," which called on businesses to wake up to the potential risks of a pandemic, Aon released "Pandemic Influ

WASHINGTON--Democrats in Congress will seek to extend the Terrorism Risk Insurance Act for as long as five years and to expand the program, Rep. Barney Frank, D-Mass., incoming chairman of the House Fi

The average annual cost for auto insurance premiums nationwide for 2007 is estimated at $847 per policy, the first decrease since 1999. This is a $4 per policy decrease. In 2006, the typical U.S. driv