While most insurance industry professionals would agree there is never really a good time for a soft market, having one during an economic downturn creates a particularly unique set of challenges for

Ms. Amoroso said that changing demographics with respect to both the workforce and customer base are posing new challenges for the insurance industry, and companies must be willing to adapt their

Under the current regulatory scheme--called "fixed and established"--rates are set by the Division of Insurance for all carriers, and a driver in a given territory will see the same rate from every

The company added that the additional capacity will cover North American-based commercial occupancies on noncatastrophe-exposed accounts, including commercial real estate, manufacturing,

In what may be a new chapter in the so-called 'Massachusetts Miracle," carriers for the first time in perhaps 30 years are displaying signs of optimism regarding the auto insurance market, as the

While the market for homeowners insurance in coastal areas remains hard, there are signs that carriers are slowly considering ways to take on some hurricane-prone risks in a measured, responsible

The Western Insurance Agents Association (WIAA) has endorsed insurance programs offered by MexiPass Global Assurance as part of a new strategic partnership. In turn, MexiPass will offer its programs t

AIG has filed a lawsuit against seven former executives, including Maurice R. "Hank" Greenberg, alleging a breach of fiduciary duty in connection with the handling of a block of AIG shares worth about