Markets
Private Flood Insurers Seize Opportunity as NFIP Falters
While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to ...
LexisNexis: Despite Challenges, Auto Insurers See Positive Growth in New Policies
Quarterly year-over-year auto insurance shopping growth in the U.S. was +5.2 percent in Q2 2023, according to the most recent LexisNexis Risk Solutions Insurance Demand Meter report. Reacting to ...
Rate Hikes Not Bringing Profit to U.S. Auto Insurers: Fitch
Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine ...
S&P Sees Improved Outlooks for Munich Re and Swiss Re
S&P Global Ratings affirmed the ratings of the two biggest global reinsurers this week, Munich Re and Swiss Re, also revising the outlooks for both of them. For Munich Re, S&P affirmed its ...
More Signs of Life in Florida: New Insurers, More Citizens Takeouts
Florida's property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the ...
3 Emerging Risks to Watch: The Rise of Robotics, Infrastructure Spending, Vehicle Subscriptions
Years ago, it may have been hard to imagine a time when robots could have nine-to-five jobs and handle household chores, drivers could subscribe to luxury vehicle features like heated seats, and big ...
FedEx Faces Safety Issues as Driver Accidents, Insurance Costs Rise
FedEx Corp. is pressuring delivery contractors to improve safety after mounting accidents helped trigger a near-tripling of insurance costs over the decade. FedEx is requiring contractors that ...
Catastrophe Bond Funds Rank in Top 10 of 2023’s Best Performing Credit Funds
Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters that could trigger payouts have either not happened or not been ...