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

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

A survey of small businesses finds these entrepreneurs have more trust in independent agents and their commercial insurance carriers than any other financial services business.

Three large U.S.-based property-and-casualty insurers were unable to post third-quarter profits, with The Hartford stating its net income was flat and American International Group (AIG) and Liberty Mutual Group both reporting net losses.

Cloud computing is growing in popularity among insurers and producersand as usage evolves, so too is a thorough understanding of the risks involved, says Tim Francis, second vice president/enterprise cyber lead for insurer Travelers.

Showing rate increases/decreases were flat for the month, MarketScouts October barometer provides further evidence of the soft market making a turnaround. One insurance-broker executive says he believes the industry is actually primed for an increase in demandalthough likely in areas outside the traditional property and casualty arena.

Insurance broker Willis put its aviation premium reductions well below the industry average, according to a recent report.

Insurance broker Willis put its aviation premium reductions well below the industry average, according to a recent report.