Keep pace with today’s business world and the pivotal issues impact your commercial lines insurance clients with news and information about industry trends, best practices, emerging risks, and recovering from major losses.
Is a construction defect an occurrence covered by a commercial general liability policy? That’s the key question for homebuilders and contractors facing Chinese drywall damage claims. The insurance and liability issues are becoming increasingly complicated by conflicting state court rulings over the lingering coverage question.
Property and casualty carrier employment is at the lowest level in more than 20 years, according to data published by the U.S. Labor Department’s Bureau of Labor Statistics and compiled by the Insurance Information Institute.
MarketScout's barometer of U.S. property and casualty market shows minus-5 percent composite rate for the fourth straight month, with general liability still the most aggressively priced coverage.
MarketScout's barometer of U.S. property and casualty market shows minus-5 percent composite rate for the fourth straight month, with general liability still the most aggressively priced coverage.
Zurich Financial Services Group has named Thomas Huerlimann CEO of Global Corporate to take the place of Mario Vitale, who moved to Aspen Insurance Holdings.
As more evidence accumulates that insurers are using less reserves to augment earnings, pressure will mount on underwriting and force carriers to begin raising rates by near double-digit figures in 2012, according to a financial analyst.
Industry groups continue to press for a legislative fix of the health insurance reform law to save the commission-based compensation model for producers,…
Warren Buffett bemoaned the continued competition of the soft market, making a critical assessment of chief executives who pursue market volume over underwriting profit as Berkshire Hathaway’s insurance business produced a profit of 38 percent.
Buyers of directors and officers liability are worried about regulatory claims, according to results of a recently released survey in which more than three-quarters of participants ranked such claims among their top three claims concerns.