News

During the first half of 2011, the P&C industry saw an unprecedented number of severe natural catastrophes in both the U.S. and abroad. The accumulation of a total of 100 events produced an excess of $18 billion (and climbing) insured losses in the U.S. alone.

Harleysville Group Inc. announces the appointment of Arne Herenstein as senior vice president and CIO. In this position, he will direct the company’s ongoing information technology strategy, integration, and development efforts. He will report to Michael L. Browne, Harleysville Group’s president and chief executive officer.

The National Association of Insurance Commissioners today dropped its support for exempting insurance agents’ commissions from the medical loss ratio provision of the healthcare reform law.

The property and casualty insurance industry is sending a letter to members of the House urging them to reject a flood-insurance bill amendment that would phase out the program as of January.

Moody’s says a recent outline put forth by the International Association of Insurance Supervisors regarding a regulatory framework to monitor international insurers’ group-wide activities is credit positive.

Days after one group said it urged states to enforce laws against cell phone use while driving, NHTSA says programs in two cities resulted in a reduction in distracted driving.