News
Don’t Focus Only on Hurricane’s Category
Here's a troubling phrase hurricane forecasters hate but often hear: "It's just a Category 1. Nothing to worry about." Or even worse: "Tropical storm? Just some wind and rain." But look at Hurricane ...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns.
Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in turn drove the formation of startup reinsurers to fill capacity needs. ...
Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season
Insurers' losses from Hurricane Beryl will be "low and readily absorbed," and the storm is not expected to change pricing conditions in the P/C and reinsurance sectors, Moody's Ratings said. Beryl ...
P/C Premium Growth Likely But Profits Delayed Until 2025: Forecast
Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve ...
Report: Insurers Keen on Replacing Legacy Systems Seek More Agility
Insurance companies are replacing or augmenting legacy systems in search of product innovation and technology integration, according to a new Information Services Group (ISG) Provider Lens Insurance ...
Insurers Hike Rates as Extreme Storms Like Beryl Proliferate
Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response. That ...
Study: MGA Market Still Growing
A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study. The global investment ...
Honolulu Tops Allstate’s Safest Drivers Report
Hawaii, Minnesota and Washington are home to America's safest drivers, according to the 16th Allstate America's Best Drivers Report. Honolulu ranked highest for the safest drivers in America. ...