Commercial Lines

Following large insured losses from Tropical Storm Irene and an October noreaster snow storm, Insurance Commissioner Thomas B. Leonardi is looking to change the guideline for the application of hurricane deductibles.

Following large insured losses from Tropical Storm Irene and an October noreaster snow storm, Insurance Commissioner Thomas B. Leonardi is looking to change the guideline for the application of hurricane deductibles.

Another temporary extension of the National Flood Insurance Program is imminent, but it is unclear when the Senate will take the next step in passing a bill that will provide long-term certainty to the program.

Another temporary extension of the National Flood Insurance Program is imminent, but it is unclear when the Senate will take the next step in passing a bill that will provide long-term certainty to the program.

Pricing in the property and casualty insurance industry may be on the rise but a lot of data continues to point to worsening returns on equity and earnings per share, said financial services specialists, Keefe, Bruyette and Woods (KBW).

Pricing in the property and casualty insurance industry may be on the rise but a lot of data continues to point to worsening returns on equity and earnings per share, said financial services specialists, Keefe, Bruyette and Woods (KBW).

Billionaire investor Warren Buffett says Europe's debt concerns and the anemic U.S. home construction business will continue to hurt the economy even though many businesses are performing well.

Third-quarter reserve releases declined nearly 19 percent over the same period last year, which could put greater pressure on carriers to increase rates.