Allstate has upped its projected losses from Superstorm Sandy to about $1.12 billion, but the insurer's CEO says the company has paid about 98 percent of submitted claims.

Property and casualty insurance companies and agents are counted on to deliver claims checks that help people rebuild lives and property. But beyond their obligations to their customers, the insurance industry sponsors widespread charity efforts encompassing companies of every shape and size. To highlight the insurance industrys charitable efforts, here...

Catastrophe models will continue to be exposed by events like Superstorm Sandy because they can fail to contemplate all possible sources of loss, says Lockton Cos.

While insurance-industry representatives are throwing their support behind a bill to extend the Terrorism Risk Insurance Act in its current form, recent comments from other interests show that TRIA proponents will have their work cut out for them to prove that the program is still necessary.