U.S. commercial P&C rates up by 2.8% in 2011 Q4

Thursday, January 19th, 2012

Commercial property and casualty pricing in the United States increased by an average 2.8% in 2011 Q4, according to The Council of Insurance Agents & Brokers' quarterly . On average, small, medium and large account pricing increased 2.8% last quarter, compared to a 5.4% price decline over the same period ...

Senior police inspector accused of insurance fraud

Friday, January 13th, 2012

Inspector Mohammed Razaq cleared of corruption but charged with insurance fraudA senior police inspector has been charged witih making fraudulent insurance claims.Inspector Mohammed Razaq was suspended seven months ago on an internal corrpution probe by Greater Manchester Police.The corruption probe has been dropped, although the new allegations of insurance fraud ...

Homeowners Insurance

Friday, January 6th, 2012

Home Owners Insurance When it comes to home owner insurance there are several factors that you may want to consider if you are looking into this coverage for the first time or if it has been a while since you visited the topic. As most know and others will find ...

Economic turmoil more likely than natural catastrophes to spur market hardening: Willis Re

Sunday, January 1st, 2012

A sustained market hardening in the global reinsurance market is more likely to be caused by economic turmoil than catastrophe losses, according to Willis Re's ‘1st View' report.Last year was the second-worst year for catastrophe losses (insured losses in excess of $100 billion and reinsured losses of more than $50 ...

How to Cash in Whole Life Insurance Policies

Tuesday, December 20th, 2011

One of the best features of whole life insurance policies is the fact you can withdraw cash out of it when needed. This is a loan against the total cost already paid into the policy, or you can cash the whole thing in. To do this all you ...

Insurers warned of deterioration in Italy and Spain amid Mapfre Re downgrade

Friday, December 16th, 2011

A.M. Best downgrades Spanish giant from A to A+Insurers are being warned about the rapidly deteriorating financial situation amid a rating’s downgrade for Spanish giant Mapfre Re.AM Best said it was downgrading Mapfre Re partly because its parent Mapfre S.A had exposure to the commercial property market in Spain and ...