The Lockton Monthly Update, which tries to forecast the property-casualty market’s pricing, has suggested twice in the last month that commercial insurance rates, at least in some sectors, are starting to harden.

Integrated Insurance Solution acquired Tango Insurance so it can break into the growing Spanish insurance market.

As reported on IFAwebnews.com, the financial services regulatory bill agreed upon by a House and Senate committee will keep the current state-based system of insurance regulation intact, at least as far as the property-casualty market is concerned.

A Berkeley, N.J.-based core division of Chartis has been renamed to Growth Enterprises, as it sheds its Small Business division name.

The folks at Willis Group, parent company of Willis HRH, are hoping to promote the brokerage’s decision not to accept contingent commissions, using a new media campaign and website to argue that its competitors who do accept the payments are “conflict-prone.”

A West Virginia appeals court has affirmed what most people know: It’s best to pay for insurance before a crash occurs.

Munich Re says that while losses for 2009 did not exceed expectations, climate changes will result in major natural catastrophes in coming years that will have a negative effect on …  Read →

Pennsylvania authorities charged 24 people – including 17 New York residents and six New Jersey residents – with attempting to falsely claim Pennsylvania residency to obtain auto insurance rates up to $4,000 per year lower than in their state.

The Pennsylvania Insurance Department has ruled that an insurance company’s reduction of an agent’s commission to 0% equals a termination.

The surplus lines sector of the property-casualty insurance market showed a 67% decrease in profit last year when compared to 2007.