News

Strong demand for a $270 million catastrophe bond allowed its issuer, U.S. Nationwide Mutual Insurance Co, to price it more cheaply than expected, leaving investors looking for a higher return from future issues.

Insurers across all sectors are acknowledging the impacts of climate change on their business, but they are failing to engage in discussions about how to stay ahead of the potential threats, a new preparedness study says.

Winter storms that delivered major snowfalls across the U.S. fueled P&C insurers cat-loss concerns in Februarybut the resulting level of claims proved to be modest, says Aon Benfield in its latest Global Catastrophe Recap.

U.S. insurers saw their collective net income jump by 50 percent in 2012 compared to 2011, and this year the industry looks as if it will benefit from some favorable trends in both the insurance market and the economy at large, even as it deals with some familiar challenges, according...

South Carolina Farm Bureau Mutual Insurance (SCFBMI) has modernized its mainframe applications through the use of enterprise application modernization software from the technology firm Micro Focus. The software application has delivered efficiencies to the insurer that will net the carrier approximately $620,000 in annual savings.

South Carolina Farm Bureau Mutual Insurance (SCFBMI) has modernized its mainframe applications through the use of enterprise application modernization software from the technology firm Micro Focus. The software application has delivered efficiencies to the insurer that will net the carrier approximately $620,000 in annual savings.