Markets
Most U.S. Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey
More than 60 percent of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed ...
U.S. E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3 percent recorded in 2021. In ...
U.S. Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch's latest U.S. Personal Lines Market Update, the change is predicted amid signs that ...
AM Best Ups Reinsurance Outlook to Positive
Decelerating reinsurance rate increases aren't a worry for AM Best analysts who have revised the global reinsurance segment outlook to positive from stable, citing "robust profit margins" as a driver ...
Liability Reinsurance Crisis Could Be Looming, CEO Says
"There could be a liability crisis in reinsurance in a couple of years," a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the ...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Although insurers can help to stop the growth of social inflation, they can't lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief ...
Ford Says Drivers Will Be Able to Take Their Eyes Off the Road in Two Years
Ford Motor Co. is just two years away from offering technology that will allow drivers to take their eyes off the road and their hands off the wheel, according to Chief ...
Surplus Lines Insurers Providing a Much-Needed Safety Valve for P/C Industry
Given the difficult environment for primary property/casualty carriers, the efficient use of excess and surplus (E&S) lines capacity is providing a safety valve for ...
Reinsurers React
Conditions in the global reinsurance market are also leading reinsurers to E&S carriers with stability and predictability in their casualty books, amid the search for ...