News

Allstate Corp. saw its fourth-quarter net income jump 145 percent, while W.R. Berkley, ACE Limited, CNA and Validus reported Q4 net-income decreases along with global reinsurer Munich Re.

Catastrophe losses in 2011 led to the U.S. P&C industrys largest underwriting loss since 2002, according to A.M. Best. And while the latest MarketScout barometer shows that 2012 began with another month of commercial-lines rate increases, Best maintains that a true hard market is likely at least a year or...

As details of the hacking of VeriSign unfold, government entities and corporations of all sizes are becoming more aware of their own vulnerabilities, according to one technology expert.

BERMUDAS PartnerRe Ltd. says it recorded a 2011 fourth-quarter net loss of $17.6 million and a net loss for the year of $520.3 million, down from a profit of $852.6 million in 2010.

Satisfaction with auto claims was virtually unchanged on a quarter-to-quarter basis despite the increase in insurance claims due to weather-related damage during 2011s fourth quarter, according to a consumer survey.

Over $3 billion in losses for the mining-insurance industry has resulted in a decrease of 30 percent of insurance capacity in the line, says a report from Willis Group Holdings.