Black Friday, the day after Thanksgiving when the holiday-shopping rush begins, brings droves of people to stores and plenty of claims for auto insurers, says Progressive Insurance.

While a recent report on executive compensation shows companies are seeking to limit increases for their top officers, a compensation consultant to the insurance industry says carriers had already adopted leaner increases before the Great Recession struck.

While a recent report on executive compensation shows companies are seeking to limit increases for their top officers, a compensation consultant to the insurance industry says carriers had already adopted leaner increases before the Great Recession struck.

Tower Group expects an after-tax net loss of between $55 million and $68 million next quarter due to Superstorm Sandy, while Fitch Ratings says insurers can easily handle the lossesand then some.

The more than 100 homeowners who lost their homes to a fire after Superstorm Sandy struck Queens, N.Y. may be denied coverage because of anti-concurrent-causation clauses in homeowners policies, a consumer group warns, although an industry representative says claims in the area are currently being settled.

The more than 100 homeowners who lost their homes to a fire after Superstorm Sandy struck Queens, N.Y. may be denied coverage because of anti-concurrent-causation clauses in homeowners policies, a consumer group warns, although an industry representative says claims in the area are currently being settled.

A financial analyst says losses from Superstorm Sandy could be even higher than Risk Management Solutions $20 billion to $25 billion estimate once infrastructure losses are factored in.

The workers compensation market is proving to be an increasing challenge for insureds and while alternative risk transfer mechanisms may help, close analysis needs to be made before venturing into a program, say executives from insurance broker Marsh.