Commercial Lines

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.

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.

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.

Summing up the insurance market for upstream and downstream energy risks, a recent Willis report says a fragile stability is prevailing where pricing is flat to slightly up. But Willis says factors such as overall market hardening and the ongoing Euro crisis could create a more challenging market for buyers.

Three subjects appeared to be most prominent in discussions between executives and risk managers in Philadelphia at this years Risk and Insurance Management Society meeting: price, business interruption and cyber risk.