U.S.
Federal Agencies Offer Flood Insurance Rule for Lenders
The federal government is offering residential property lenders guidance on escrowing their borrowers' flood insurance premiums and on when property owners do not have to buy flood coverage for ...
Erie Insurance Group CEO (and Chubb Veteran) Named PCI’s New Chairman
Erie Insurance Group President and CEO Terrence Cavanaugh is the Property Casualty Insurers Association of America's new chairman, following elections at the PCI Annual Meeting in Scottsdale, Ariz., ...
Progressive at PCI: Telematics Will Become Ubiquitous Underwriting Tool
A Progressive Insurance Group executive asserts that automated automobile technology won't become ubiquitous for years. On the other hand, he predicts, the equally transformative use of telematics ...
Top 10 Market Conduct Issues for P/C Insurers
A review of state insurance regulators' examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to be the top criticisms. According ...
W.R. Berkley CEO Challenges ‘Moral Commitment’ of Reinsurance Rivals
With the property/casualty reinsurance market hammered by soft rates and heavy competition from new sources of capital, W.R. Berkley Corp.'s Chairman and CEO questioned the "moral commitment" of some ...
Survey: Analytics Increasingly Informs P/C Homeowners Pricing
Property/casualty insurers are increasingly using analytics as a tool to help with their homeowners' pricing, reflecting a belief that the line could become a bigger growth engine than their auto ...
Hurricane Gonzalo Insured Loss Estimates Coming In
No question about it: Hurricane Gonzalo did some big-time damage when it hit Bermuda on Oct. 17. Two catastrophe-modeling firms are already estimating that insured losses will be substantial. EQECAT ...
P/C Insurers’ Reserve Redundancy to Continue: Moody’s
U.S. property/casualty insurers' reserves will remain moderately redundant through the end of the year, Moody's Investors Service has reported. "We expect moderately redundant reserves based on ...