Underwriting
Amica Mutual CEO: 2014 Was When ‘Everything Came Together’
Amica Mutual Insurance Co. boosted its net income, added 46,000 more policies and improved its combined ratio in 2014, the insurer disclosed this week. "It was a year everything came together," Amica ...
U.S. Housing Secretary Says Cutting Mortgage Insurance Fees Strikes Balance
The Federal Housing Administration is not putting its finances at risk by reducing insurance fees it charges lower-income home buyers, the top U.S. housing official said on Wednesday. Last month the ...
Marsh: Expect More U.S. Commercial Lines Softening in 2015
Competition among property/casualty insurance carriers and the flow of capital into the industry are continuing to drive down rates in most U.S. commercial lines and conditions are particularly ...
OneBeacon’s Adverse Reserve Developments Draw Fitch and Moody’s Attention
OneBeacon Insurance Group has been dealt a ratings outlook warning from Fitch Ratings and an outright downgrade from Moody's Investors Service, stemming from substantial adverse reserve development ...
P/C Insurers Expanding Predictive Modeling, Usage-Based Offerings
Property /casualty insurance executives believe that over the past six years predictive modeling has become an essential or very important driver of improved performance and they are broadening their ...
Pinnacle, Driveway Team Up on UBI Smartphone App Solution
Pinnacle Actuarial Resources, Inc. and Driveway Software have joined forces to offer the auto insurance industry a coordinated usage based insurance (UBI) solution using a smartphone app that ...
Aon Plc: U.S. Northeast Blizzard Left $500M in Economic Losses Behind
The Northeast U.S., including New York and Massachusetts, sustained at least $500 million in economic losses last month when a winter storm ripped through the region, Aon Plc said. The blizzard from ...
Montpelier Re CEO: Flat Net Written Premiums Likely For Q1
Montpelier Re Insurance Holdings President and CEO Christopher Harris said he expects 2015 first quarter net written premiums to be flat compared to the same period a year ago. The reason: results ...