Insurers recover financially, but markets stay soft: Aon

Most segments of the U.S. insurance market are soft, concluded an Aon Corp. report released Wednesday. In its 2010 U.S. Insurance Market Overview, the Chicago-based broker said buyers can expect flat to decreasing prices in property/casualty, directors and officers liability, and kidnap and ransom insurance. Insurers’ financial performance has improved notably since late 2008 and Read more about Insurers recover financially, but markets stay soft: Aon[…]

NOAA sees up to 14 hurricanes in Atlantic this year

WASHINGTON (Reuters)—The Atlantic storm season could produce as many as 14 hurricanes this year, the U.S. government’s top climate agency predicted Thursday, setting the scene for potentially the most intense season since 2005.Advertisement In its first forecast for the storm season that begins next Tuesday, the National Oceanic and Atmospheric Administration forecast 14 to 23 Read more about NOAA sees up to 14 hurricanes in Atlantic this year[…]