After a costly 2023 severe convective storm season in the U.S., reinsurers underwriting in the regional property-catastrophe market are skeptical about providing ...
Trackers of InsurTech deals revealed a 19-20 percent uptick in InsurTech funding for the third-quarter of 2023,compared to second-quarter totals, but year-to-date deal volume is less than half of ...
Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn't expecting any major changes in the pricing for commercial casualty or property ...
Warren Buffett's company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns—particularly the insurers—generally ...
Comparing recent conditions in the property/casualty insurance and reinsurance markets to a three-act play, the chief executive of Arch Capital Group predicted hard casualty pricing ahead in the ...
The integration of new technologies into the claims ecosystem is gathering pace as insurance and reinsurance organizations seek to enhance both the speed and accuracy of payments. One example is the ...
In November of last year, Allstate paused writing new homeowners policies in California. State Farm, the state's largest homeowners writer, stopped accepting new applications for insurance back in ...
Florida-based insurers still aren't profitable, overall, but their net losses and underwriting losses are getting smaller. In addition, two more property insurance companies are preparing to enter ...
While two dozen interested parties spoke at a recent California Department of Insurance workshop on the use of catastrophe modeling in pricing, offering predictable messages supporting carrier, ...
While discussing soft market underwriting may seem ill-timed given current strong results and hard market conditions, there are worrying signs that underwriters are beginning to chase market share in ...
