Chief Executive Officer Richard Ward said the benign catastrophe season contributed to the results. But he stressed the market's three-year plan to institute tighter underwriting and improved busines

The upgrade followed confirmation on Tuesday that Equitas, which reinsures the pre-1993 long-tail liabilities of Lloyd's of London syndicates, has completed a reinsurance transaction with Berkshire Ha

"Rising tort costs increase the demand for, and cost of, liability insurance," said David Golden, director of commercial lines for PCI. "The majority of what you pay in liability premiums goes directl

John Eager, director of claims for the Property Casualty Insurers Association of America, said that local governments are increasingly seeking to charge back or direct-bill property-casualty insurers

John Eager, director of claims for the Property Casualty Insurers Association of America, said that local governments are increasingly seeking to charge back or direct-bill property-casualty insurers

A panel appointed by Democratic Gov. Deval Patrick to study ways of reforming Massachusetts' auto insurance system has recommended curbing state rate regulation and moving toward a competitive, market

The report noted that insurers invest heavily in real estate. "Many of these assets are located in areas within coastal areas most at risk for hurricanes, or low-lying areas subject to flooding," the

Stephan Christiansen, director of research at Conning Research & Consulting, said the huge increase in losses during the 2001-2003 period were due not just to claims reported but also to claims develo