Underwriting
U.S. Construction Spending Up More Than Expected
U.S. construction spending rebounded in February as both public and private outlays increased, bolstering views of faster economic growth in the first quarter. Construction spending advanced 1.2 ...
End of Road for Auto Insurance
The auto insurance industry is dead. The last non-renewal notice has been sent, the last credit score has been calculated, and the last tee time made by a personal lines marketing rep has been moved ...Michigan Has New Rules for Insurers’ Use of Credit History
A series of new laws that took effect last week in Michigan regulate how insurance companies can use a person's credit information. Under one of the measures, insurers can't use people's credit ...
Actuaries Weigh Healthcare Reform’s Effect on P/C Insurance
The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, ...
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re's latest sigma study. The ...
TRIA Won’t Be Extended, P/C Carrier CEOs Say
Chief executive officers of property/casualty insurance carriers said their companies will still stand ready to provide terrorism coverage when—not if—the Terror Risk Insurance Act expires ...
U.S. Housing Recovery Widespread But Uneven
By one measure, the U.S. housing market turned a significant corner early this year: Prices are on the rise everywhere. For the first time since the bottom fell out of residential real estate ...
Broker Exec Sees Price Shoppers Emerging In Bifurcated Casualty Market
The reasoning that carrier executives advance for increased prices of casualty insurance—starting with low interest rates and ending with the need for underwriting profit—is wearing thin on some ...