News

The decline in insurance prices is finally showing signs of hitting bottom, with commercial property and casualty premiums overall dropping an average of 5 percent last month--half the rate of one year ago, MarketScout's "barometer" survey found.

Connecticut Attorney General Richard Blumenthal has asked the U.S. attorney general to look into the practice of insurers directing policyholders to preferred repair shops to fix their car after an accident.

Insurance Services Office announced today that it has filed the insurance industry's first standard coverage option for commercial property owners interested in rebuilding damaged property with green alternatives.

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.