Underwriting
EU Weighs Allowing Damage Suits Over Price Fixing
The European Union proposed rules for a uniform system allowing consumers to sue over price-fixing in a plan that stops short of forcing nations to allow group lawsuits. Proposals on ...
Commercial Prices Up For 9 Straight Quarters: Towers Watson; Years More Needed: Hartwig
Reporting an aggregate first-quarter 2013 jump in commercial insurance prices of almost 7 percent, Towers Watson said the result marks over two consecutive years—nine straight quarters—of price ...
Top Five States Ranked By Insurable Coastal Value: AIR Worldwide
More than $10 trillion is at risk for residential and commerical properties located in the more than 100 coastal counties of 18 states along the Eastern and Gulf coasts, according to a recent report ...
Economic Damage to Far Exceed $2.65B Insured Losses From Europe Floods
The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger. Insured ...
Sea Level Rise May Be Less Than Feared But Still Bring Severe Surges
A melt of ice on Greenland and Antarctica is likely to be less severe than expected this century, limiting sea level rise to a maximum of 69 cm (27 inches), an international study said on Tuesday. ...
May’s Weather Caused Billions in Losses in U.S., Around the Globe: Aon Benfield
Severe weather in May caused an estimated $4 billion in insured damage, and almost twice that in economic losses, in the U.S. alone and billions more in economic losses around the globe, according to ...
Commercial Insurance Rates Up 5% for 3d Month: MarketScout
The average composite rate for commercial property/casualty insurance in the U.S. was up five percent for May 2013. This marks the third month in a row for a five percent increase, according to ...
Trillions Of Dollars At Risk In Coastal States: AIR Worldwide, CoreLogic
In separate reports released earlier this week, AIR Worldwide and CoreLogic estimated insured property values in coastal areas of the United States reaching into the trillions of dollars. CoreLogic, ...