News

MphasiS, an IT services provider, and Decision Research Corporation (DRC), a provider of rating and policy administration solutions for the property/casualty insurance industry, announced a joint marketing agreement to offer clients access to their respective technology and service offerings.

AQS, a provider of insurance solutions and expertise to the property/casualty industry, is pleased to announce expanded delivery and implementation models for the company’s Advantage Policy Management Solution.

Buyers of marine insurance are likely to see a continuing softening of insurance rates in 2011, provided they can show they are a good risk, according to a report released by insurance broker Marsh.

Buyers of marine insurance are likely to see a continuing softening of insurance rates in 2011, provided they can show they are a good risk, according to a report released by insurance broker Marsh.

Based on property and casualty companies’ pre-announcements and other data, losses from the Feb. 22 New Zealand earthquake damages could be as much as three-times worse than the September quake in the same region, Morgan Stanley said.

Hannover Re said its fourth-quarter net income rose 22 percent despite a year plagued by natural catastrophe losses that were above the company’s loss estimate.