Commercial Lines

Forty-one signatures have been secured on a letter from senators to the Senate leadership urging prompt action on legislation reauthorizing the National Flood Insurance Program.

Forty-one signatures have been secured on a letter from senators to the Senate leadership urging prompt action on legislation reauthorizing the National Flood Insurance Program.

Professional services firm Marsh & McLennan Cos. reports 2011 fourth quarter net income increased 26 percent, as both its risk and insurance and consulting divisions reported positive growth.

Professional services firm Marsh & McLennan Cos. reports 2011 fourth quarter net income increased 26 percent, as both its risk and insurance and consulting divisions reported positive growth.

The government in Thailand is looking to establish what would be the largest excess-of-loss property catastrophe treaty in the worlda catastrophe fund equipped to cover losses of up to $16.2 billion.

The government in Thailand is looking to establish what would be the largest excess-of-loss property catastrophe treaty in the worlda catastrophe fund equipped to cover losses of up to $16.2 billion.

The insurance industry needs to not just ride the rising tide" of rate increases but rather focus on new drivers of today's economic recovery in order to tap growth opportunities, says a leading industry observer.

Rates on commercial all-risk property policies saw across-the-board increases in January, climbing by close to 6 percent in some cases, says insurance broker Marsh.