News

Key challenges facing global reinsurers will drive profits lower, but are unlikely to undermine the current strong levels of capitalization for the majority of carriers over the next 12-to-24 months.

Better regulatory uniformity is required globally to help facilitate insurance trade between the United States and its European partners, a panel of insurance officials said.

The possibility of a turn in commercial insurance pricing and the certainty of major changes in the way the world's oldest insurance market does business are among the key areas being addressed at NAPSLO's annual conference.

Ensuring that the NFIP remains in force--at least through a short-term reauthorization--is the priority for property and casualty industry lobbyists as Congress returns next week for what is expected to be a brief but turbulent session.

Daytona Beach, Fla.-based insurance broker Brown & Brown has acquired Wakefield, Mass.-based Crowe Paradis.

Allstate agents in Florida said the insurance company is attempting to reintroduce auto insurance-related quotas in order for agents to keep their ability to place property policies with other companies.

Would you insure someone who feeds tigers as part of their job?

Risk managers ranked FM Global first in handling claims in a recent Greenwich Associates survey, and FM Global was one of four winners of the 2010 Greenwich Claims Excellence Awards.