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Workers compensation market 'conflicted' despite economy's rebound: NCCI

Published May 10, 2012 CST

While workers compensation insurer premium growth shows “that the worst of the recession has passed,” the insurance market for injured-employee coverage “remains in a worrisome state,” NCCI Holdings Inc. reported Thursday.

Asbestos trust funds needs greater transparency to prevent fraud: Witnesses

Published May 10, 2012 CST

WASHINGTON—The congressionally created system of asbestos trust funds needs greater transparency to prevent potential fraud, a series of witnesses told a House panel Thursday.

Commercial property/casualty market has turned: Council president

Published May 08, 2012 CST

Pricing for commercial property/casualty insurance accounts increased an average of 4.4% during the first quarter this year compared with the same period last year, according to a survey released Tuesday by the Council of Insurance Agents & Brokers.

Property/casualty insurance rates up 3% in April: MarketScout

Published May 04, 2012 CST

The composite rate for commercial property/casualty and professional lines coverage increased an average of 3% in April 2012 compared with the same month a year ago, MarketScout said Friday.

Zurich first-quarter profit jumps, rising premiums eyed

Published May 10, 2012 CST

ZURICH (Reuters)—Switzerland's Zurich Insurance Co. Ltd. beat expectations on Thursday with a 78% rise in first-quarter profit, helped by fewer large natural catastrophes than the year before, and said premiums were set to rise.

Lloyd's of London unveils long-term strategic initiative

Published May 11, 2012 CST

Lloyd's of London is looking toward greater growth in new markets as part of a long-term strategy unveiled Friday. PLUS: Watch our exclusive video interview with Lloyd's America President Hank Watkins.

Aspen Insurance chief Mario Vitale discusses 2012 market

Published May 13, 2012 CST

Mario Vitale is co-CEO of Aspen Insurance in New York. During the Risk & Insurance Management Society Inc.'s recent annual conference in Philadelphia, he spoke with Business Insurance Senior Editor Mark A. Hofmann about the current and future challenges facing the insurance industry.

Swiss Re names head of Latin America reinsurance unit

Published May 11, 2012 CST

MEXICO CITY—Swiss Re has announced the appointment of Alejandro Padilla as head of reinsurance Latin America North and president of Swiss Brokers Mexico Intermediario de Reaseguro S.A. de C.V., effective June 1.