Modest P&C rate increases will benefit the industry more than a true hard market because they are more palatable to clients, says the chairman, president and CEO of insurance broker Arthur J. Gallagher & Co.

Respondents to a three-state survey of producers report that regional personal-lines carriers have an edge over national companies when it comes to overall agency-insurer relationship satisfaction.

A survey of P&C insurance brokers provides further evidence that rates are continuing to trend upward, but experts still doubt whether a hard market is on the wayand some question the current environments momentum.

In the wake of Barclays Bank admitting to manipulating Libor (the London Interbank Offered Rate, used by banks to set the interest rate they charge when borrowing from one another), other financial institutions are now on notice over their involvement. Some banks artificially inflated or deflated their rates, depending on...

Fitch Rating Service projects property and casualty insurance rates will continue to rise through 2013 producing modest increase in industry net income, but a return to a sustained hard market is considered unlikely.

Fitch Rating Service projects property and casualty insurance rates will continue to rise through 2013 producing modest increase in industry net income, but a return to a sustained hard market is considered unlikely.

The deadline for states to achieve certification for their health-insurance exchanges is fast approaching, but regulators say the lack of rules and guidance from Washington is holding up the process.

The deadline for states to achieve certification for their health-insurance exchanges is fast approaching, but regulators say the lack of rules and guidance from Washington is holding up the process.