Commercial Lines

Rates were up and catastrophe losses were relatively light, leading ACE Ltd. to nearly quadruple first quarter net income.

Insurance industry officials say a two-year National Flood Insurance Program extension, as proposed recently by the Federal Emergency Management Agency, is better than the current pattern of short-term extensions, but some associations say they would still rather see action on a five-year extension with program reforms.or five-year extension

The conflict between European Union directives and individual local laws is proving to be a challenge for Europeans and it is affecting liability insurers and reinsurers throughout the continent, a report from Guy Carpenter says.

Declaring that a turn to a hard market cycle is more visible, the chief executive of W.R. Berkley Corp. says a company somewhere is in for major trouble because they are stupid not to increase rates.

Sterling Insurance Co. is the 67th insurance company partner to join Trusted Choice, the national consumer branding program for independent insurance agents and brokers.

The Federal Emergency Management Agency today asked Congress to support a two-year reauthorization of the existing National Flood Insurance Program as the clock continues to wind down on the current authorization, which expires May 31.