property casualty insurance news Archives

China could benefit from US property-casualty insurance companies

May 12, 2014May 9, 2014 Logan B.

American Insurance Association issues statements concerning China-US trade The American Insurance Association has submitted comments to the Office of the U.S. Trade Representative and the U.S. Department of Commerce concerning the 2014 US-China Joint Commission on Commerce and Trade. The joint commission has been in place for some time, renewed between the two countries every year. The agreement between the U.S. and China is meant to promote trade while also protecting companies that operate in both countries. Guarding trade secrets, ensuring legitimate sales, and determining how government officials use certain…

Report from Marsh shows that the U.S. insurance market is surprisingly stable

July 21, 2011July 21, 2011 Nordstrom

There have been doubts regarding the stability of the U.S. insurance industry of late. In the wake of catastrophes ravaging many states in the east, as well as worldwide disasters, the industry has been toiling with costly losses. Yet, the industry has been able to bounce back from these disastrous happenings thanks to a surplus in capacity. This has led to stability in the market that many thought was beyond reach. Marsh USA has released a new report detailing the quick recovery of the industry. Marsh is a company that…