Underwriting
Marsh: Softening Signs Seen in U.S. Umbrella/Excess Liability Rates
Average umbrella and excess liability rates in the U.S. climbed 3.1 percent higher in the 2014 first quarter. Marsh Global Analytics claims that's a sign of market softening, however, because it's ...
Global P/C Premiums Headed for Moderate Climb: Munich Re Report
An improving economy in the industrialized world will propel steady but moderate property/casualty premium growth over the next two years, Munich Re concluded in its new Insurance Market Outlook ...
Ohio Appeals Court Hits State for WC Overcharging
The director of Ohio's state insurance fund for injured workers said Friday that he's disappointed with an unusually pointed appeals court decision that says the fund overcharged employers by ...
Making the Economics of Telematics Work for Auto Insurers
The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile is being driven. The device monitors where a car is and how it is being driven, ...
If Cars Drive Themselves, How Will Actuaries Make Sense of Data to Price the Risks?
Scientists and engineers predict the day is near when cars drive themselves, but that doesn't mean that traveling on the highway will be entirely carefree. There will be accidents, and someone will ...
Genworth Mortgage Insurance IPO Soars in Australia
Shares in home-loan insurer Genworth Mortgage Insurance Australia Ltd rose 14 percent on Tuesday in an upbeat first day of trading for the country's biggest initial public offer of the year so far. ...
Schmidt Joins Argo as Group CUO
Argo Group International Holdings Ltd., an international underwriter of specialty insurance and reinsurance products, has appointed Axel Schmidt as group chief underwriting officer. He will succeed ...
Nomura: Progressive May Struggle To Keep Older Customers
Gone are the days when Progressive Corp., the nation's fourth-largest U.S. auto insurer, could grow through innovation alone. Future expansion will come at the expense of its rivals by going after ...