Research Archives - Carrier Management

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Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best

Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an A.M. Best special report. Last ...

Cyber Coverage Profit Pressures Grow as Rate Hikes Struggle to Keep Pace: Fitch

Choosing to write cyber coverage is becoming increasingly costly for property/casualty insurance carriers and rate hikes may not be enough to make up the difference, according to a new Fitch Ratings ...

U.S. P/C Insurers Produced 2020 Underwriting Profit Despite COVID-19 Challenges

Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty insurers saw a statutory underwriting profit for the third consecutive year, with an ...

Wildfire Risk Plummets With 10 Feet of Defensible Space: Study

Wildfire risk across the western United States has become a challenging issue for the insurance industry. Heightened risk and extreme events are squeezing carriers and devastating consumers. As a ...

March U.S. Storms Caused More than $1B in Insured Losses: Aon

An onslaught of U.S. storms and flooding in March caused as much as $2 billion in economic damage. Public and private insurers were likely to see losses surpass $1 billion, Aon plc said in its ...

Tech Companies Increasingly Unhappy With Their D&O Cover: Marsh

Technology companies' satisfaction with D&O coverage has dropped sharply so far 2021, as pricing soared and insurers narrowed their terms and conditions, Marsh found in a new study. Approximately ...

Global Reinsurance Capital Rebounded in Face of Pandemic Challenges: A.M. Best

Global reinsurance capital rebounded to traditional levels at the end of 2020, despite profound challenges caused by the global coronavirus pandemic. Specifically, capital levels for global ...

Global Warming Could Slash the Credit Ratings of 63 Countries: Study

A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ...

Most Customers Are Digitally Transmitting Photos or Videos When Filing Property Claims: J.D. Power

More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall ...

February Polar Vortex Led to Record U.S. Winter Weather Economic Losses: Aon

Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven ...