Commercial Lines

The latest estimate of U.S. insured losses from Hurricane Isaac falls between $1 billion and $2 billion, says Risk Management Solutions.

Property and casualty carriers saw employment climb for the sixth straight month in July despite mixed employment numbers from the rest of the insurance industry, according to an Insurance Information Institute analysis of the latest U.S. Labor Departments Bureau of Labor Statistics figures.

Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that developed late last year, insurer Travelers Cos Inc said on Tuesday.

The rare weather event of tornadoes touching down in New York City produced no significant insurance losses, according to industry experts.

The property and casualty insurance market continues to achieve single-digit rate increases but analysts maintain there is little indication drivers are in place for a shift to a hard market.

Most business owners who purchase Garagekeepers Legal Liability insurance are concerned about vandalism or theftbut what happens when the cars in their care are damaged by gunshots?