The challenging financial climate is an opportunity for insurers to make needed changes to create leaner, more efficient and competitive organizations, according to the president of Lloyd's North

NEW YORK--Although tort filings in the United States and the United Kingdom have fallen from a 1980s peak, large-scale corporate litigation could be an emerging trend, Lloyd's warned in a presentation

Last year's increase was attributed to a rise in personal injury cases mostly from automobile accidents--the first increase since 1999. The auto property damage frequency index, based on insurance indu

Despite two major hurricanes and a global credit crisis, the relentless soft commercial insurance market continued in the third quarter--although falling insurance industry net income may signal a

Investment, credit and operational exposures are "bigger risks than companies thought in the past. They have [previously] focused more on the insurance risks," he added. "I have to believe that

With the nation's financial crisis taking new twists and turns every day, and the country's biggest insurance organization in distress, buyers are taking a more proactive approach to

NEW YORK--The challenging financial climate is an opportunity for insurers to make needed changes to create leaner, more efficient and competitive organizations, according to the president of Lloyd's N

Zurich, Switzerland-based Swiss Re reported a third quarter net loss today of 304 million Swiss francs ($259 million), compared to net income for the same period in 2007 of 1.5 billion Swiss francs ($