Commercial Lines

The protection and indemnity market, a broad type marine legal liability coverage, delivered a blockbuster financial performance last year, but poor investment returns and increased claims will spell premium increases for 2012.

High losses from 2011 are producing greater underwriting discipline among reinsurers when it comes to catastrophe-exposed renewals, according to a major insurance broker.

High losses from 2011 are producing greater underwriting discipline among reinsurers when it comes to catastrophe-exposed renewals, according to a major insurance broker.

The U.S. property and casualty insurance industry saw its net income after taxes fall to just under $8 billion for the first nine months of 2011, compared to net income just over $27 billion for the same period in 2010, according to a report by ISO, the Property Casualty Insurers...

With the National Flood Insurance Program finally provided breathing space until May 31 through one of President Obamas last actions of 2011 on Dec. 23, industry officials now say one of their top priorities in the New Year is to ensure the latest short-term extension is the last.

With the National Flood Insurance Program finally provided breathing space until May 31 through one of President Obamas last actions of 2011 on Dec. 23, industry officials now say one of their top priorities in the New Year is to ensure the latest short-term extension is the last.