The first-half experiences of the London market’s top insurers with catastrophe losses may shed some light on the direction of global reinsurance in the six months ahead, as these groups can see trends from the perspectives of both buyer and … Continue reading
Higher Rates for P/C Insurance
Best Sees ‘Growing Pressure’ for Higher P/C Insurance Rates May 17, 2011 There is “growing pressure” to support increased rates in property/casualty insurance and reinsurance markets, rating agency A.M. Best has concluded in its most recent market analysis. As a … Continue reading
Analysts Say Markets Primed For Increases
April 7, 2011 By Mark E. Ruquet, PropertyCasualty360.com NU Online News Service, April 7, 2:11 p.m. EDT Analysts say a combination of factors is conspiring to make rate increases for both commercial and personal lines inevitable, possibly by the beginning … Continue reading
Soft Market Is Ending, Really It Is, Says SNL Financial
By Andrew G. Simpson | March 10, 2011 Could the soft market finally be over? A new analysis concludes that insurance prices are rising and the prolonged soft market is ending, contrary to earlier reports from other analysts. Virginia-based SNL … Continue reading
Lloyd’s Warns of Increases in Fraudulent Claims
Fraud is a fact of life for the insurance industry – part of the game so to speak. While some claims, as Lloyd’s notes in an article on its web site, may cause people to smile, the amount of money … Continue reading
Building Agent Value in the Digital Age
Two current cultural shifts fueled by technology are, for many independent agents, a cause for concern: the democratization of data and the rise of virtual relationships. Today consumers have access anywhere, anytime to information once available exclusively from industry experts, … Continue reading
How much do you know about Product Recall Insurance?
Product Recall insurance provides protection for you in the event you must recall any of your products. Coverage can include product recall expenses and liability to third parties seeking damages because your product recall could cause a loss of income … Continue reading
AAIS Develops New Form For Insuring Renewable Energy Generating Equipment
January 14, 2011 Inland marine insurers now have access to new policy forms designed for insuring property losses to renewable energy generating equipment connected or adjacent to buildings. These new forms were created by the American Association of Insurance Services … Continue reading
Fitch: P&C Market in U.S. Won’t See Any Significant Price Increase in 2011
13 Dec 2010 According to Fitch Ratings in a new report, prospects for the US P&C market are unlikely to improve in 2011 as competitive fundamentals continue to promote inadequate pricing. Signs of a meaningful shift in market underwriting capacity … Continue reading
P/C Insurers, Reinsurers Put Positive Spin on Federal Regulatory Role
National News December 6, 2010 The federal government’s new role in insurance regulation poses significant challenges and opportunities for the insurance industry, according to insurer trade group executives. The establishment of the Federal Insurance Office (FIO) is one of the … Continue reading
