Markets
Nonstandard Auto Loss Ratios Worst in Decade: A.M. Best
Loss ratios and operating ratios for the U.S. nonstandard auto insurance market fell to their worst levels in a decade, according to a new report from A.M. Best. Escalating repair and medical costs, ...
‘Hydrological Extremes’ Become ‘New Normal’
Texas struggled through its driest year in history in 2011. Four years later was its wettest ever. The Mississippi River rose to all-time-high flood levels in 2011. In 2012, it hit its second-lowest. ...
Global Warming May Be Speeding Up: Harvard Scientists
Two climate scientists suggest they've come closer to resolving a critical debate about how quickly human activity will heat up the planet. The answer isn't good news. It's almost universally ...
Creating a Transparent Experience for Commercial Lines Customers
These days, transparency is a key component of any positive customer experience, regardless of industry or channel. When it comes to the insurance customer experience, however, defining just what ...
Truck Speeding Fix Hits Roadblock; Safety Rules Halted by Trump Anti-Regulation Order
Years of pleas from parents whose son was killed by a speeding tractor-trailer, buy-in from some truckers and the promise of fewer highway deaths convinced U.S. officials in September to propose ...
Munich Re, US Launches New Drone Insurance Product
Munich Reinsurance America, Inc. (Munich Re, US), announced the launch of a new commercial drone insurance endorsement last week, highlighting the impact of Federal Aviation Agency Rule 107, opening ...
Ed Appoints Tilman as Chief Actuary
Ed, the global reinsurance, wholesale and specialty broker, announced the appointment of Jonathan Tilman as chief actuary late last week. Tilman will take up his role in the final quarter of 2017. ...
Kent to Succeed Cavanagh as Willis Re CEO
Willis Re announced last Thursday that James Kent, the current deputy global CEO, will succeed John Cavanagh when he retires from his position as global CEO in December 2017. Kent joined Willis Re in ...