Commercial Lines

As cyber risks increasingly become a top-of-mind issue for a wide spectrum of businesses, the market for policies is wide openand the competition intense.

Environmental experts agree that 2012 will be the year of the rate increase for pollution-related coverages. This presents both challenges and opportunities to independent agents, who must help customers understand the realities of the marketplace.

Efforts are underway to jump-start Senate action on a long-term National Flood Insurance Program extension.

Efforts are underway to jump-start Senate action on a long-term National Flood Insurance Program extension.

Airline insurance claims dropped 66 percent below 2010s loss numbers, and pricing in the marketplace exhibited stability through the 2011-2012 renewal period, says insurance broker Aon.

Airline insurance claims dropped 66 percent below 2010s loss numbers, and pricing in the marketplace exhibited stability through the 2011-2012 renewal period, says insurance broker Aon.

Despite record losses for the insurance industry in 2011, low interest rates and continued economic volatility affecting insurers earnings, there is no indication that the commercial-insurance marketplace is making a hard-market turn, says the chief executive of Marsh.

Despite record losses for the insurance industry in 2011, low interest rates and continued economic volatility affecting insurers earnings, there is no indication that the commercial-insurance marketplace is making a hard-market turn, says the chief executive of Marsh.