News

Insurers of coastal properties can cut down their risk by inducing homeowners to strengthen dwellings and working to improve building and land use, a reinsurance expert suggested.

The U.S. property-casualty insurance market would be able to handle another Katrina-like event this year, and there is capacity to issue catastrophe bonds post-event, representatives from Swiss Re said.

The results are in. This year's Claim Professional of the Year is John Foster, VP of Claims at Farmers Alliance Mutual Insurance.

A hard-pricing insurance market may not be arriving anytime soon, an analyst said at a conference earlier this week.

Florida Insurance Commissioner Kevin McCarty announced yesterday that he has issued an order reinstituting an 18.6 percent rate decrease for workers' compensation insurance that had gone into effect Jan. 1.

The Hartford Financial Services Group's chairman and chief executive officer, Ramani Ayer, will retire from the loss-riddled insurer at year's end, his company announced today.