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Superstorm Sandy is now the third costliest storm in U.S. history, the Insurance Information Institute says.

The head of the Insurance Information Institute says in the wake of the bombing tragedy at the Boston Marathon that the stability of the terrorism risk insurance market is contingent on sustaining a federal terrorism risk insurance backstop.

Robert Hartwig, president of the Insurance Information Institute, was no more than 100 feet away from where one of two reported explosions near the finish line at the Boston Marathon occurred April 15.

Property and casualty carrier employment climbed in February, but only enough to offset a downward revision of Januarys numbers.

Property and casualty carrier employment fell in January, virtually erasing the gains made in December 2012, according to an analysis of the latest figures from the U.S. Labor Departments Bureau of Labor Statistics.

Property and casualty carrier employment fell in January, virtually erasing the gains made in December 2012, according to an analysis of the latest figures from the U.S. Labor Departments Bureau of Labor Statistics.

The P&C insurance industry by and large will not suffer directly from the huge cuts in government programs set to launch on March 1, but one executive at Lockton cautions that employers should remain vigilant against questionable Workers Comp claims as local economies feel the squeeze.

Property and casualty carriers enjoyed a strong hiring month in December, boosting employment for this subsector of the insurance industry to its highest level in 2012, according to the most recent figures from the U.S Labor Departments Bureau of Labor Statistics.