Commercial Lines

The impact of natural catastrophes took a toll on Swiss Re during the 2011 first quarter, as the company reported a net loss of $665 million.

On the last day of the legislative session, lawmakers added a 2.75 percent premium tax on insurance sold by the Montana State Fund to pay for continuing claims for workers injured before July 1990.

On the last day of the legislative session, lawmakers added a 2.75 percent premium tax on insurance sold by the Montana State Fund to pay for continuing claims for workers injured before July 1990.

Insurance groups are praising the Florida Legislatures passage of a commercial-lines rate-deregulation bill and are indicating that they may push to expand such a regulatory structure to personal lines in the future.

Insurance groups are praising the Florida Legislatures passage of a commercial-lines rate-deregulation bill and are indicating that they may push to expand such a regulatory structure to personal lines in the future.

Insurance rates are showing signs of stability despite the catastrophe losses earlier this year, but catastrophe-exposed risks in North America will probably see increases in the mid-single-percent range, according to a report from Willis Group Holdings.

Insurance rates are showing signs of stability despite the catastrophe losses earlier this year, but catastrophe-exposed risks in North America will probably see increases in the mid-single-percent range, according to a report from Willis Group Holdings.

A near-term pricing shift for commercial lines is unlikely, and recent deterioration in underwriting results has led to a decline in premium revenues unseen since the 1930s, according to a recent Fitch Ratings report.