Industry News
Munich Re Plans IT-Based Coverage For Unanticipated Construction Costs
Munich Re will work with a German specialty software giant to develop what it bills as the first global IT-based insurance product for large construction projects to handle unplanned expenses. A ...AIG Warrants Leap To Record, Benefiting Fairholme Capital Management
American International Group Inc. warrants jumped to a record, benefiting investors like Bruce Berkowitz's Fairholme Capital Management LLC, which held the securities for years. The contracts ...
More than One-Quarter of Small Businesses Still Don’t Buy Insurance: Hiscox
Last week, global specialty insurer Hiscox published results of a survey of small business owners, revealing that 29 percent have no insurance protection, even though 13 percent have suffered a ...
Travelers’ A.M. Best Financial Strength Ratings Soar
Travelers and most of its subsidiaries saw their already stellar financial strength ratings from A.M. Best get even better. This was based, in part, on the insurer's ability to generate solid ...
RAA Results: Q1 Premiums, Combined Ratios Nearly Unchanged for Group
The Reinsurance Association of America's latest quarterly survey of statutory underwriting results for U.S. property/casualty reinsurers reveals that first-quarter 2014 net written premiums came in ...
For 2013, Conning Tracked Slightly Better Industry Loss Reserves
The property/casualty industry's loss reserve position improved slightly in 2013 compared to the previous year, reflecting continued stability in an era of low inflation and slower economic growth, ...
ISO Expands Personal Auto Risk Analyzer; Vehicle Liability Risk Module Added
ISO recently announced the expansion of its ISO Risk Analyzer Personal Auto suite of predictive modeling tools to include a new module to help with determining vehicle liability risk. ISO, a member ...
S&P: Insurers Want Certainty Before Fully Embracing Climate Change Prep
Whether climate change is here, on its way or non-existent, insurers have already accepted the need to prepare for it. But even as the industry confronts what might happen, it wants more certainty ...