Lloyds says record catastrophe losses led to a loss of more than $800 million for 2011 as the specialty-insurance market experienced the largest catastrophe-claims year in its history.
The nations number one homeowners insurer says it received close to 9,000 claims in the wake of the Texas tornado that struck the Dallas-Ft. Worth, Texas vicinity on Tuesday, causing much damage but no fatalities.
New York state regulators are calling on insurers to justify the rates they change for force-placed insurance coverage and say there is evidence of conflict of interest between bankers and insurers.
Property and casualty insurance rates are continuing their climb upward with evidence that commercial lines and personal lines are showing low single digit increases, according to MarketScout.
Property and casualty insurance rates are continuing their climb upward with evidence that commercial lines and personal lines are showing low single digit increases, according to MarketScout.
P&C insurance rates are on the upswing but there is no concrete evidence that the end of the soft market spells a hard market turn because financial indicators have not reached a tipping point.
P&C insurance rates are on the upswing but there is no concrete evidence that the end of the soft market spells a hard market turn because financial indicators have not reached a tipping point.