Research
Harvey, Irma Will Create Short-Term Hardened Property Market; Early Capital Concerns Minimal
Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term, according to a new KPMG survey. In related news, a new Morgan ...
Texas Insurers, Larger Carriers Can Handle Hurricane Harvey Pressures: A.M. Best
Texas insurers and larger carriers that do business in Texas will see some strains from Hurricane Harvey and the historic rains and flooding that followed. But A.M. Best expects them to withstand the ...
U.S. P/C Insurers Generated H1 Net Loss of $5.1B: A.M. Best
The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the ...
Harvey Aftermath: Half of Residential/Commercial Properties in Houston Likely Lack Flood Insurance
In the wake of Hurricane Harvey and its aftermath along the Texas coast, one ominous reality has emerged: just over 50 percent of residential and commercial properties in metro Houston likely lack ...
Automated Car Safety Systems Working; Preventing Crashes: Studies
Safety systems to prevent cars from drifting into another lane or that warn drivers of vehicles in their blind spots are beginning to live up to their potential to reduce crashes significantly, ...
Looking Back: How the Top 25 P/C Insurers Changed in the 25 Years Since Andrew
Twenty-five years ago in August, Hurricane Andrew shook up the property/casualty insurance and reinsurance markets, analysts from Assured Research noted in two recent research reports recognizing the ...
New P/C Insurance Products Delayed by Old Policy Form Tech: Novarica
A reliance on manual processes and inadequate technology leaves property/casualty insurers with major delays in updating their coverage forms. A new industry report found that as a result, most ...
Global Insured Natural Catastrophe/Disaster Losses Hit $23B in H1: Swiss Re
Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled $23 billion, while economic losses during the same period came to $44 billion – an ...