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National Insurance News
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Business Insurance Rates Seem on the Upswing

by The Wall Street Journal - Dec 06,2011

After years of pain, the commercial insurance market seems poised to notch some gains. Travelers Cos. Chief Executive Jay Fishman, at a Goldman Sachs financial-services conference Tuesday, said his company had increased prices for business-insurance clients by 5.2% in ... [full story]

What do insurance buyers value most?

by BusinessInsurance.com - Dec 04,2011

CHICAGO—The five companies earning top honors in Business Insurance's first Buyers Choice Awards program were ones buyers would recommend to peers as demonstrating the service and expertise attributes they value most. A look at the attributes buyers most associated ... [full story]

Cat bond issuance could double in Q4, GC says

by Reuters - Dec 01,2011

LONDON, Nov 29 (Reuters) - Catastrophe bond issuance could double over the final three months of 2011, fueled by strong demand from investors seeking a haven from wild price swings in mainstream financial markets, brokerage GC Securities said on Tuesday. ... [full story]

Greenberg's Starr sues U.S. over AIG bailout actions

by BusinessInsurance.com - Nov 27,2011

WASHINGTON—Starr International Co. Inc. is taking an unusual course in suing the federal government on constitutional grounds for actions it took in 2008 to rescue American International Group Inc. from the brink of collapse, say some legal experts. In ... [full story]

U.S. commercial insurance prices rising

by Reuters - Nov 16,2011

(Reuters) - Prices for most types of commercial insurance in the United States have started to rise after eight years of declines, though the gains are still fairly small, risk management society RIMS said on Tuesday. In recent weeks, ... [full story]

U.S. states may seek punitive damages in BP spill

by Reuters - Nov 15,2011

(Reuters) A federal judge on Monday said Alabama and Louisiana may seek punitive damages from companies including BP P.L.C. for damages arising from last year's Deepwater Horizon oil spill in the Gulf of Mexico. The decision by U.S. District ... [full story]

Industry Underwriting Woes Worsen

by Insurance Networking News - Nov 14,2011

Analysis of third-quarter financial data of 46 insurers and reinsurers covered by investment bank Keefe, Bruyette & Woods finds worsening underwriting results but also a glimmer of hope for the industry. As expected, industry underwriting results took a hit ... [full story]

Score One for the Insurance Industry

by Insurance Networking News - Nov 13,2011

Some good news regarding the insurance industry’s reputation: Small-business owners trust independent insurance agents and commercial insurance carriers significantly more than banks, health care companies and stock brokers. As part of a broader effort to stay appraised of the ... [full story]

Insurers Acknowledge Customer-facing Shortcomings

by Insurance Networking News - Nov 10,2011

The need for insurers to offer a compelling user experience is borne out in a global survey of 119 insurers conducted by Accenture.     While 91 percent indicated that future growth depends on providing a special customer experience, the ... [full story]

Insurers Down but Not Out

by Insurance Networking News - Nov 10,2011

Insurers are more pessimistic than ever about business conditions, notes a new report issued by audit, tax and advisory firm KPMG LLP. KPMG’s annual survey of insurance executives revealed that insurers remain guarded about their company’s performance and the industry’s ... [full story]

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