Commercial Lines

As the economy begins to turn, competition in Transportation and Construction coverage are heating up the Inland Marine Specialty Insurance segment.

Although there wont be a flood of new markets available to independent agents, increased interest by carriers in the independent channel can translate into opportunity.

Insurance providers need to have no fear of failure when developing new products to adjust to and cover emerging risks associated with the fast-paced evolution and trends among worldwide businesses.

The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify into hurricanes, U.S. private forecaster Weather Services International said on Wednesday.

The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify into hurricanes, U.S. private forecaster Weather Services International said on Wednesday.

Policyholders and shareholders of Harleysville Mutual Insurance Co. and Harleysville Group Inc. have approved a merger with Nationwide Mutual Insurance Co.

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