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As the year comes to a close, Marsh issued a report saying current insurance rates are on a two-speed track, with loss affected accounts experiencing steep increases while good risks can still benefit from decreases on renewal.

As the year comes to a close, Marsh issued a report saying current insurance rates are on a two-speed track, with loss affected accounts experiencing steep increases while good risks can still benefit from decreases on renewal.

Insured losses from Australias catastrophe-filled 2011 have now topped $4.3 billion, according to the Insurance Council of Australia.

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche has told the company he wants to keep leading it beyond next year.

Reinsurance company Everest Re Group Ltd. on Thursday said that claims related to the massive flooding this year in Thailand could cost it $100 million to $125 million after certain premiums and taxes.

Reinsurance company Everest Re Group Ltd. on Thursday said that claims related to the massive flooding this year in Thailand could cost it $100 million to $125 million after certain premiums and taxes.