Underwriting
Carriers Cut Coverage as ‘Storm Chasers’ Fuel New Roof Demands, Actuaries Report
Homeowner insurers reacting to a growing industry problem, being referred to as "neighbor-itis," has carriers reducing coverage in some regions, actuaries reported recently. Speaking at the Casualty ...
EEOC Charges Drop in 2013
For fiscal year 2013, the U.S. Equal Employment Opportunity Commission received less than 94,000 new private sector charges of employment discrimination, marking the lowest level since 2009. The ...
Verisk Climate, Weather Decision Technologies Team Up
Verisk Climate, a provider of enterprise climate risk management solutions, and Weather Decision Technologies (WDT), a high-technology leader in the weather industry, announced earlier this month ...
Tornado Frequency Trends Deceptive, Actuary Says
To develop adequate rates, actuaries don't just need to spot what the next trend will be that will push up claims frequencies or average loss costs. They also need to sort out what the next trend ...
Ironshore Boosting Capacity to $50M for Some U.S. Casualty Lines
Ironshore Inc. announced recently that it will boost coverage for selected U.S. casualty lines to $50 million, raising capacity from current limits of $25 million Effective Jan. 1, 2014, the higher ...
Capacity Keeping E&S Market Competitive; Berkshire Impact Yet to Materialize: Fitch
Growing capacity will limit rate hikes and promote persistent competition in the excess and surplus lines market, Fitch Ratings said in a report earlier this week. The U.S. E&S market, which ...
Target Breach Triggers Insurance Questions, Lawsuits
U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits ...
Nine-Month Results Show P/C Industry Headed for Best Post-Crisis Year
With a combined ratio of 95.8 through nine months translating into $10.5 billion of underwriting profit, the U.S. property/casualty insurance industry is on track to report its best year in the ...