News

Floridas Citizens Property Insurance Corporation says its policy count has dropped below 1 million for the first time since 2006, a development that industry representatives called a step in the right direction for the state's property market.

Floridas Citizens Property Insurance Corporation says its policy count has dropped below 1 million for the first time since 2006, a development that industry representatives called a step in the right direction for the state's property market.

Commercial-lines agents and brokers say pricing continued to moderate in the fourth quarter, a trend seen throughout 2013, according to the Council of Insurance Agents & Brokers latest quarterly pricing survey.

San Francisco-based ride-sharing company Lyft announced that it is giving drivers the option of getting collision insurance to repair damage to their cars.

Revenue growth in both its consulting and risk and insurance services boosted Marsh & McLennan Companies 2013 fourth-quarter net income to $303 million, compared to $259 million in the previous years fourth quarter.

Revenue growth in both its consulting and risk and insurance services boosted Marsh & McLennan Companies 2013 fourth-quarter net income to $303 million, compared to $259 million in the previous years fourth quarter.