Commercial Lines

AIR says the estimate of between $700 million and $2 billion includes insured losses from damage residential, auto, commercial and industrial properties and contents as well as additional living expenses and business interruption-related losses.

Tropical Storm Isaac continued to dump rain over Louisiana and parts of Mississippi today, flooding the areas around New Orleans, but the city itself experienced only minor flood-related issues.

The construction-insurance market remains stable, but pricing is mixed depending on the sector, a Marsh market update states.

Fitch Ratings says the insurance industry should be able to manage losses from Hurricane Isaac, which, according to very early estimates, could range from $300 million to $7.5 billion.

The ninth named storm of this years hurricane season has reached hurricane status, with reports now indicating a high risk of flood surge as it approaches the Gulf Coast.

Anne Arvia was recently named President and COO of Nationwide Direct, Affinity and Growth Solutions, giving her oversight of the Columbus, Ohio-based companys direct P&C sales channel, along with responsibility for specialty-insurance affinity partnerships and Veterinary Pet insurance. She joined Nationwide in 2006 as president of Nationwide Bank before becoming...