Industry News
New MarketScout Venture Aids Industry In Navigating High-Net Worth Segment
"For quite some time, insurance companies have recognized that high net worth personal lines is a unique and different segment of the personal lines industry," says Richard Kerr, CEO of MarketScout ...
Report Questions Insurer Readiness, Attitudes on Climate Change
A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today's ...
Statutory Filings’ Analysis Reveals Adverse Development For Recent Prior Years: Assured Research
Twelve of the top-25 insurance groups reported adverse reserve development for accident-years 2010 and 2011 during calendar-year 2012, according to new research conducted by Assured Research LLC. In ...
Cut Crop Insurance Subsidy by $40 Billion, Say Fiscal Conservatives
A coalition of fiscal conservatives on Tuesday called for a steep cut in federal subsidies for crop insurance, setting up a clash with U.S. farm groups that see the program as their top priority in a ...SCOR 2012 Net Income Jumps 27%
Paris-based SCOR reported net income of EUR 418 million ($545 million), representing an increase of 26.7 percent over the 2011 result, which was EUR 330 million ($430 million). The company said that ...American Safety 4Q Damaged By Reserve Charges, Sandy
American Safety Insurance Holdings' fourth-quarter 2012 results suffered more from a reserve charge than Superstorm Sandy losses, but both combined to put red ink on the bottom line. Still, while the ...