News

The market is beginning to turn, Swiss Re executives say, as the global reinsurer reports that its 2011 second-quarter net income rose to $960 million, compared to $812 million in the 2010 second quarter.

Sen. Dick Durbin, D-Ill., is warning that the federal government needs to do more to respond to growing demands for disaster assistance in the wake of “stronger weather events.”

Standard & Poor’s has lowered PMI Mortgage Insurance Co.’s financial-strength ratings to CCC-minus from B-minus, saying statutory insolvency and/or regulatory action on the company is possible by the end of the year.

Brower Insurance puts a premium on technology and has traditionally spent additional funds on the technology side to help its staff be more efficient, according to Dan Driskell, a principal for Brower, a regional agency in southwest Ohio.

MarketScout says insurance premium rates are in their third month of moderation, indicating that a pricing “correction” is finally going on as some lines of business are showing price increases.

MarketScout says insurance premium rates are in their third month of moderation, indicating that a pricing “correction” is finally going on as some lines of business are showing price increases.