Due to the largest automotive recalls in U.S. history, Takata Corp. filed for Chapter 11 bankruptcy in the United States, and bankruptcy protection in Japan in 2017.1 And in 2018, Shigehisa Takada, former chairman and chief executive officer of Takata, … Continue reading →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →