News

Commercial lines insurance rates rose 3 percent in the 2011 fourth quarter, according to a Towers Watson survey, providing further evidence that the years of soft-market momentum may be reversing course.

A.M. Best issued downgrades for three insurers last week, citing catastrophe losses as an impediment to profitability.

Hedge fund titan John Paulson tried on Friday to enlist securities analysts in his effort to force Hartford Insurance Group to separate its property and casualty businesses from the lesser-performing life businesses.

One old-time financing method could give budget-squeezed governmental agencies needed capital flexibility to immediately pay for infrastructure repairsbut the surety industry, contractors and lenders would have to modify their business models first.

The last day of the Florida Legislature on Friday saw the passage of a measure to help bring reform to the states auto-insurance system.

The last day of the Florida Legislature on Friday saw the passage of a measure to help bring reform to the states auto-insurance system.