Domestic insurance companies reported mixed third-quarter results, with State Auto taking a net loss, although a narrower loss than last year, while EMC Insurance Group and Safety Insurance Group reported higher net income.

Domestic insurance companies reported mixed third-quarter results, with State Auto taking a net loss, although a narrower loss than last year, while EMC Insurance Group and Safety Insurance Group reported higher net income.

The Florida Office of Insurance Regulation intends to increase the region's workers' compensation rates by 6.1 percent effective Jan. 2013, the state's insurance commissioner says.

The Florida Office of Insurance Regulation intends to increase the region's workers' compensation rates by 6.1 percent effective Jan. 2013, the state's insurance commissioner says.

Almost half of European insurers will not be ready for Solvency II by January 2014, reports Ernst & Young, but given an extra year, 90 percent say they will be ready by Jan. 1, 2015, the date proposed by the European Union.

Almost half of European insurers will not be ready for Solvency II by January 2014, reports Ernst & Young, but given an extra year, 90 percent say they will be ready by Jan. 1, 2015, the date proposed by the European Union.

The traditional defense-oriented, insurance-based role of the risk manager is giving way to an opportunities-driven approach linked to corporate strategya trend that is pushing risk professionals to seek continuing education (CE) courses teaching the business skills they need to stay competitive in todays market.

Total policy limits for transactional-risk insurance have increased by 35 percent to $2.3 billion in the 12 months preceding June 2012, reports Marsh, showing that businesses are turning to the insurance market for protection from the risks of mergers and acquisitions.