If insurers were hopeful that at the least their mandatory responses to the Climate Risk Survey required in three states would remain confidential they will be very disappointed to discover that wont be the case.
Risks associated with the Super Bowl have grown more complicated with so many events and activities planned around the actual game. Experts weigh in on some of the top risks for both the Super Bowl and events associated with it.
Chicago-based insurance broker Aon Corp. says 2011 fourth-quarter net income increased 20 percent as pricing in the insurance marketplace showed signs of stabilization.
Contingent-commission payouts are expected to be 12 percent higher this year than in 2011 as insurers make changes in the way they compensate agents, according to a report from consulting firm Ward Group.
Standard & Poors Ratings Service warns that signs are pointing to more unprofitable years for the U.S. Workers Compensation insurance market, and downgrades could be in the future if no improvement is shown.
Anumber of recent reports conclude that commercial-insurance rates were up in 2011s fourth quarter and are likely to remain in positive territory through 2012. But factors such as macro-economic conditions and loss-cost trends will limit insurers ability to generate underwriting profits, and carriers will have to look elsewherefor example, mergers...
While securities class-action lawsuits edged up slightly in 2011, primarily driven by mergers-and-acquisition activity, the total number remained below average for the third year in a row, according to a Stanford Law School report.
Citing the need for regulators to understand how the risk of climate change can impact carriers, three states say they will require insurers to respond to the climate-risk survey adopted by the National Association of Insurance Commissioners in 2009.
Allstate Corp. says 2011 fourth-quarter net income increased 145 percent over the prior year due to improved profitability in its insurance business and solid performance in its financial segment.