Claims departments are being asked to do more with less today, but are not benefitting from the data and analytics investments insurers are making in their application and underwriting processes.
Commercial-lines rates are under pressure, but so far that has not correlated to standard carriers competing for business traditionally written by the excess and surplus lines market, Nationwide's CFO says.
Small-business customers who buy coverage through predominately personal-lines insurers have a higher satisfaction level than those who buy through commercial-lines carriers.
The July wildfire events in the state of Washington, including the Carlton Complex Fire, will not rise to the level of a catastrophe eventdefined by Property Claim Services as $25 million or more in insured losses.
Buyers of insurance around the world are benefitting from high capacity and competition among carriers. Marsh provides a look at rate trends and dives into the factors impacting certain lines.
Liberty Mutual Holding Company reports Q2 2014 net income attributable to the company of $393 million -- a $55 million decrease compared to the same period in 2013.
