Markets
Pre-Climate Conference Report: Rate of Weather Disasters Doubled in 20 Years
Weather-related disasters such as floods and heatwaves have occurred almost daily in the past decade, almost twice as often as two decades ago, with Asia being the hardest hit region, a U.N. report ...
10 Straight Qtrs. of Commercial Rate Drops; Cyber Only Up Line: Marsh
Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the ...
Cincinnati Financial Adds Commercial Lines Leaders; Exec Retirements Announced
Cincinnati Financial Corp. announced earlier this month that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, ...
WCRI Event to Explore ACA Case Shifting to Workers Comp
The Workers Compensation Research Institute is presenting a webinar early next month examining the impacts of the Affordable Care Act on the workers compensation line. Although pundits have written ...
Nine Straight Years for P/C Reserves Releases: Fitch
Property/casualty insurers continued to take down loss reserves for prior years in 2014, which marked the ninth straight calendar year of favorable development for the industry in aggregate, ...
Hamilton Insurance Expands Into Space and Professional Lines
Hamilton Insurance Group plans to expand into space and professional lines, and has hired two senior underwriters to lead the effort. The expansion work will be through Hamilton Underwriting Ltd., ...
Parisian Businesses Can Seek Help from Terrorism Reinsurance Fund
Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in ...
Swiss Re: Emerging Markets Still Driving Non-Life Premium Growth
Non-life insurance premium growth should improve in 2016 and 2017, with emerging markets driving the charge, Swiss Re said in its annual insurance outlook. Emerging markets will generate ...