Industry News
2016 Prediction: P/C Pricing Pressures Will Force Broad Rate Declines
After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted. Pricing will either ...
When One Driverless Car Hits Another, Who’s at Fault?
Imagine a robot car with no one behind the wheel hitting another driverless car. Who's at fault? The answer: No one knows. But plaintiff's lawyers are salivating at the prospects for big paydays from ...
Insurers’ Returns on European Infrastructure Eroded by Bank Competition
The return of banks into the European infrastructure market is denting insurers' ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European ...
A.M. Best’s 2016 Forecast for Global Reinsurers: Negative
As A.M. Best sees it, the global reinsurance sector will continue to have a negative outlook heading into 2016. The reason, according to its latest briefing: major market challenges "that will hinder ...
2015’s Most Costly Insured Catastrophe Events: Swiss Re
The explosions at China's Tianjin port in August may have been the most costly insured catastrophe loss event in 2015, according to Swiss Re's estimates. But five other events also carried enormous ...
Zurich Ratings Steady Despite Management Changes, Crop Deal
Standard & Poor's Rating Services and A.M. Best separately confirmed their existing ratings of Zurich Insurance Group in recent days, although S&P noted a downward revision in some of the ...
The Latest Launches from ACE Group and Liberty Mutual
ACE Group sees opportunity in the UK and Ireland with D&O coverage targeted to charities and non-profits; Liberty Mutual launched a new division focused on schools, municipalities and other ...
PCI, NAMIC Note Lobbying Wins in Congressional Legislation
Two of the property/casualty insurance industry's major trade associations noted provisions that made it to the 2016 Congressional omnibus spending bills and tax extenders legislation. The Property ...