Underwriting
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 ...
The Underwriting-Claims ‘Disconnect’ in Casualty Insurance: An ERM Issue?
There are good business reasons why claims and underwriting professionals of casualty insurance carriers don't talk to each other about claim denials, underwriting executives said last week, with one ...
Coastal States to See Continued Population Growth: NOAA
Ten million more people will be living on the already-crowded U.S. coast by 2020 if current population trends continue. The coastal population will increase from 123 million to nearly 134 million ...
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury protection (PIP) law, ruling that it is no longer a "reasonable ...