Lloyd’s of London reports second largest loss from 2011’s insurance market swing

The insurance market of Lloyd’s of London LOL.UL has reported that it experienced its second largest losses in 2011, following the absorption of record breaking…

Reinsurance companies face tremendous losses

Last year, the reinsurance sector was battered down by huge losses resulting from natural disasters. The disasters that lead to the enormous insured losses included…

Homeowners’ insurance rates increase as a result of last year’s tornadoes

The tornadoes that struck Joplin, Missouri, and other areas in 2011 will now be increasing the homeowners insurance rates as a whole, regardless of whether…

Texas insurers consider rate hikes to offset losses from disasters and theft

Texas has been hit hard by recent natural disasters. From the continuing drought that grips much of the southern and western parts of the state,…

Natural disasters from 2011 cost private insurance companies over $32 billion

As a result of the insured losses from natural disasters in 2011, private sector insurance companies will have paid over $32 billion in claims to…

Report shows the rocky road of the property casualty insurance industry during 2011

ISO, a risk assessment firm specializing in the property/casualty insurance industry, and the Property Casualty Insurers Association of America (PCI) have released a new report…

Australian government may need to take aggressive steps to protect the nation from future natural disasters

This year’s natural disasters have reaped a heavy toll on the Australian insurance industry. A number of floods, cyclones, wildfires and other storms have generated…