Most property-casualty insurers are failing to use technology and alternative sourcing to improve their claims function, reduce their loss ratio and enhance customer satisfaction, according to a new g

Its report said on the 10-point CRI scale the average rating for the auto insurers was 5.4. The score moves auto insurers up to the midrange of all industries from the bottom quartile in the last repo

Steve Shappell, managing director of Aon Financial Services Group legal and claims practice, said the directors and officers (D&O) liability market rates are already soft with class actions at an all-

The university sued the New York-based insurer and its subsidiary, National Union Fire Insurance Company of Pittsburgh, when the company said it would pay no more than $5 million to cover defense cost

Lawyers are awaiting a judge's decision on a motion by State Farm to toss out a case brought by a Louisiana couple accusing the carrier of price fixing and fraud in connection with their hurricane dam

Risk Management Solutions, a provider of products and services for catastrophe risk management, has launched a new software platform that will enable insurance industry professionals to gain a more

David Nason, assistant secretary of the Treasury for financial institutions, testified before a House subcommittee that it is important that the program, which provides a federal backup for insurers'

Ever since Uncle Sam coughed up $122 billion in loan guarantees to bail out AIG, the company has been hammered for some pretty ungrateful behavior. But AIG's new CEO, Ed Liddy, responded quickly and w