Underwriting
The Facts About 2021 Wildfires; The Outlook for 2022
The 2021 wildfire season in the Western United States was another one for the books, breaking records for size and destruction right up to the last day of the year. The last wildfires of 2021 were ...
AIG to Move High Net Worth Homeowners to E&S
Peter Zaffino, CEO of American International Group (AIG), said the company's ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the ...
AIG Returns to Profit on Improved P/C Insurance Underwriting, Lower Catastrophes
Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 ...
W.R. Berkley Optimistic Yet Cautious About Workers Compensation
W.R. Berkley Corporation, a commercial lines property/casualty insurance company, indicated in its Q4 and full year 2021 earnings call that while it is optimistic about 2022, it is exercising caution ...
AM Best Answers Questions as DUAE; MGA Assessments Go Live
It is not a credit rating. It will not impact an insurer's financial strength rating. Those were two of the answers that AM Best analysts delivered yesterday in various presentations about the rating ...
How Zurich Commercial Uses Underwriting Discipline to Find Profit in Any Market
Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the organization, with a greater focus on selecting the right ...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch
The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating ...
Commercial Auto Among Lines With Flattening Rates: USI 2022 Forecast
Although it wasn't the headline of a commercial insurance broker's market pricing report last week, the report's observation that "commercial auto liability coverage rates are starting to flatten" is ...