Analysts agree that a drop in property and casualty reserve releases is inevitable as soft-market pricing catches up with loss realities, and one report questions 2011 releases from recent accident years for longer-tail commercial lines.
State Farm is in a strong reserve position, which may restrain the company from seeking aggressive rate increases, but two industry observers were at odds on the overall impact that may have on personal-lines rate increases in general.
A federal judge ruled that Federal Insurance Co. will have to cover defense costs of Gerald A. Sandusky, the former Penn State assistant coach accused of molesting children, under a professional-liability policy.
A call by Floridas governor to create a federal catastrophe-wind fund probably amounts to nothing more than wishful thinking, as Congress shows no inclination to pass such legislation, a state-association director says.
A call by Floridas governor to create a federal catastrophe-wind fund probably amounts to nothing more than wishful thinking, as Congress shows no inclination to pass such legislation, a state-association director says.
State Farm and Ford Motor Co. are rolling out a program through which drivers can utilize the auto-makers technology to send odometer readings directly to the carrierand be rewarded with lower premiums if their mileage is kept down.
It has been a few weeks since Facebook faltered out of the gate in its initial public offering (IPO)and while the multiple lawsuits claiming improprieties will take a while to work through the legal process, coverage changes may be coming.
The Atlantic Hurricane Season starts this week, and forecasters are calling for a normal number of stormsbut some warn that the odds are in favor of a U.S. landfall.