News

The airline industry insurers market will probably not make a profit for the third year in a row despite an average 17 percent increase in prices between January and July this year, Aon said.

An International Accounting Standards Board proposal on how insurers should value their risks has drawn fire from an organization of major life and property/casualty insurance and reinsurance companies.

Government minimum flood elevation requirements for Gulf Coast region properties vulnerable to storm surge are "woefully inadequate," according to a not-for-profit insurance industry study group.

In a new report, Frost & Sullivan analyzes the current North American salvage parts aftermarket and elaborates about how insurers can save claim costs by looking beyond OEM parts.

Allstate Insurance Company has agreed to settle a government age discrimination suit by paying $4.5 million to 90 older agents impacted by a company reorganization, it was announced

The trend in jury awards and medical costs for dog bites is a mean tale for carriers, according to the Insurance Information Institute, noting that homeowners insurance liability claims for such injuries are up 28 percent since 2003.