Markets
Level 5—Full Self-Driving Vehicles—’Will Never Exist,’ Researcher Says
When you're driving your car, do you ever look through the rear window to make sure there's nothing behind it in harm's way? Now that many cars are equipped with backup cameras, looking back is a ...
Client Needs Rediscovered at Reinsurance Rendez-Vous
One of the themes at this year's reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of ...
Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, ...
U.S. Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Home insurance costs that have soared in much of the U.S. may get even higher.
Tens of millions of properties around the country are ...
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions
The hard reinsurance market in property-catastrophe reinsurance isn't coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said ...
When Will the Hard Reinsurance Market End?
Higher retentions on property-catastrophe reinsurance programs are here to stay going into next year's renewals, reinsurance brokers predicted recently.Related ...
Satisfaction Stable In Challenged Homeowners Market; Erie Ranks Highest: J.D. Power
As U.S. homeowners and renters are seeing rising premiums or policy cancellations due to a combination of natural catastrophes and regulatory pressure, the J.D. Power 2023 U.S. Home Insurance Study ...
AM Best Revises U.S. Homeowners Segment to Negative
AM Best said it has revised its outlook for the U.S. homeowners segment to negative from stable following three consecutive years of net underwriting losses as a result ...
