Commercial Lines
Inflation Contributes to Rising Loss Costs for U.S. Commercial P/C Insurers: Fitch
Inflation is bringing rising loss costs for U.S. commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three U.S. insurers — Cincinnati Financial Corp., HCC ...
AXA, Amazon Team Up on Digital Commercial Risk Management Platform
AXA, a worldwide leader in insurance and asset management, and Amazon Web Services Inc. (AWS) announced they are partnering to jointly develop and build AXA Digital ...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says
Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be ...
What Industry Executives Are Saying About Loss Reserves, Social Inflation
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the "problematic accident years" and lines of ...
No Need to Build Capacity in One Room: U.S. E&S Market vs. Lloyd’s
In an article published by Carrier Management, contributing author Greg Gaydos, a business development executive from Zywave, suggested that doing business with Lloyd's is an expensive proposition. ...
Liberty Mutual Execs See Q4 Momentum as 2023 Income Falls
Although Liberty Mutual reported worse underwriting results and lower net income in 2023 compared to the prior year, executives pointed to the momentum of the final quarter as an indicator of what's ...
U.S. P/C Industry Underwriting Loss Reaches 10-Year High: AM Best
AM Best published its annual estimate of the U.S. property/casualty insurance industry's financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for ...
Skeptical AM Best Tags U.S. D&O Segment With Negative Outlook
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of ...