U.S. insurers saw their collective net income jump by 50 percent in 2012 compared to 2011, and this year the industry looks as if it will benefit from some favorable trends in both the insurance market and the economy at large, even as it deals with some familiar challenges, according...
Aon says insureds can expect commercial property rates to continue their modest rise through the first half of 2013, with Superstorm Sandy victims bearing the brunt of that increase.
Federal Emergency Management Agency officials are girding for sticker-shock outrage from consumers as they prepare to implement across-the-board rate increases in the flood-insurance program.
Federal Emergency Management Agency officials are girding for sticker-shock outrage from consumers as they prepare to implement across-the-board rate increases in the flood-insurance program.
Power-generating companies have had at least one major loss in excess of $25 million each year since 2005, and the continuing trend could lead to price and capacity issues if insurers begin to leave the market, according to a report from insurance-broker Marsh.
Reinsurers earnings rebounded during the first half of 2012, a function of relatively low catastrophe losses so far this year and higher rates in the aftermath of the colossal natural-catastrophe losses that pounded the insurance industry in 2011, according to John Welch, president of XL Re America Inc.