Industry News
Mercury Taking Over Tokio Marine California Biz, Bullish on CDI Strategy
Mercury Insurance agreed to accept the transfer of California personal lines policies originally written by Tokio Marine Group insurers, the two carriers said in a media statement yesterday, ...
Triple-I: Slowdown in U.S. P/C Replacement Costs Likely Short-Lived
Property/casualty replacement costs in the U.S. are increasing at a slower pace than overall inflation and will likely continue to do so for the next 24 months, according to the Insurance Information ...
Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes
An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property/casualty insurance industry's move toward actual cash value for more homeowners and condo coverage. A Fannie ...
Personal Auto Insurers Have Edge on Innovation: AM Best
After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto insurers are the furthest ahead when it comes to innovation. ...
Progressive Set to ‘Maximize’ Growth, Building on Q1
When Progressive's chief executive officer weighed the words that should go into the management discussion section of the company's first-quarter 10-Q report, she considered two possibilities to ...
Triple-I: Signs of Improvement in Florida Property Insurance Market After Reforms
Fraught with fraud and litigation abuse, the Florida insurance market is finally showing signs of stabilization amid legislative reforms passed in 2022 and 2023, according to a new Triple-I Issues ...
U.S. Financial Regulators Work on Delayed Dodd-Frank Compensation Rules
A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit ...
Reserve Strengthening for Casualty Lines Not Over: Moody’s
If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That's the gist of one of the questions that analysts from Moody's Investors Service ...