New York lawmakers have sent to the governor a commercial-deregulation bill that allows insurers to go to market with some policies before regulatory approval, while Florida Gov. Rick Scott has signed into law a commercial-dereg bill in that state.

As one property and casualty industry report points to rising combined ratios for insurers, with experts citing the need for better underwriting results, a separate analysis of first-quarter industry figures indicates the commercial-lines market may be starting to turn.

As more insurers begin to make second-quarter loss estimates from tornado-spawning storms that ravaged parts of the U.S. in April and May, Aon Benfield says insured losses for the two months are nearly triple the annual average over the last 20 years.

Just several weeks into June, this year is already guaranteed to be the costliest for U.S. insurers since 2008 as a trend of inland catastrophes continues. As a result, homeowners’ insurers are looking to increase rate to match the risk.

Churchill Downs Incorporated says it has property and business interruption insurance on its racing properties to cover losses related to a tornado that hit the Kentucky Derby horse track June 22.

New York lawmakers have sent to the governor a commercial deregulation bill that allows insurers to go to market with some policies before regulatory approval.

Owners of the New York Mets say they did not look into buying insurance coverage to protect their investments with Bernard L. Madoff, now convicted for running a Ponzi scheme.

Aon Benfield says U.S. insured losses in April and May are nearly triple the annual average over the last 20 years.