Mutual insurers have lived long and prospered thanks in large part to their unique business model, focusing on the concerns of policyholders rather than outside investors, the incoming chair of NAMIC says.

There have been only two hurricane seasons to show this much activity at this point in the season and both are considered to be the two most active hurricane seasons ever recorded.

Net income for private property & casualty insurance companies in the United States increased more than $10 billion in the first half of 2010 compared to the same time period in 2009.

Liberty Mutual Agency Corp. expects to raise about $1.2 billion through an initial public offering, according to an SEC filing.

Insured losses from the Christchurch, New Zealand, earthquake could reach as much as $2.5 billion, according to a catastrophe modeling firm.

It has been 11 years since two Category 4 hurricanes were active on the same day.

Reinsurers are increasingly looking to find a home in Europe as companies remain concerned about Bermuda's status with regard to tax legislation in the United States, according to Standard and Poor's.

Insured losses from Tropical Storm Hermine and the tornadoes generated from it could approach $100 million in Texas as claims continue to mount, according to the Insurance Council of Texas.