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A persistent gap between the priorities of those in information technology and business-line management at insurance companies remains a "significant obstacle to performance improvement," a leading
Lawyers are hopeful that last week's decision by the U.S. Supreme Court to review an Oregon punitive damage award will help reduce even further the soaring cost of civil litigation to insurers. The
Net written premium declined about 6 percent for the quarter, coming in at $6.6 billion. The drop did not come as a surprise to analysts, who have seen reinsurers grow wary of taking on too much
California Insurance Commissioner John Garamendi called last week for a 16.4 percent decrease in workers' compensation insurance rates, but also issued a warning to insurers against using new
Sen. Lott has been at odds with the industry since Hurricane Katrina, which heavily damaged his home and saw him clash with his carrier over the claim. He filed suit against his insurer, State Farm,
"Although it's almost two decades since the UN recognized that climate change was a catastrophic threat to earth, it's clear that the insurance industry has not taken catastrophe trends seriously enou
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