Features
Capital Markets Poised To Grow Even Bigger In Cat Re Space
The participation of the capital markets in the property-catastrophe reinsurance industry is poised to explode beyond one-third of the total limits in the market, an industry executive said recently. ...
Property Insurance Market Eyes New Entrants—From China, Berkshire
Industry executives speaking at an insurance conference recently discussed the potential market impact of the newest entrants to the U.S. property insurance market, with Chinese companies getting as ...
Flaw of Averages: Why Carriers Overpay & Underpay Contents Claims
In his book, The Flaw of Averages, author Sam Savage explores how the widely used statistical concept of "averages" can wreak havoc on our forecasting and decision making. He explains the law's ...
When Bailouts Make Moral and Economic Sense: Friedman & McNeill
Effective or not, bailouts somehow seem unjust. Why use taxpayer money to save the companies that actually caused the meltdown, the banks that made the reckless loans, and insurance companies that ...
Is P/C Industry Overcapitalized? Maybe Not, Carrier CEO Says
The chairman and CEO of a specialty property/casualty insurance carrier called into question the notion that the industry is overcapitalized on last week, pointing to the changing nature of volatile ...
Sea Level Rise May Be Less Than Feared But Still Bring Severe Surges
A melt of ice on Greenland and Antarctica is likely to be less severe than expected this century, limiting sea level rise to a maximum of 69 cm (27 inches), an international study said on Tuesday. ...
U.K. Financial Services Employees Say Colleagues Overpaid
Most U.K. financial-services employees say some within their companies are paid too much amid negative public sentiment toward the industry, according to a survey by the Chartered Institute of ...
Commercial Insurance Rates Up 5% for 3d Month: MarketScout
The average composite rate for commercial property/casualty insurance in the U.S. was up five percent for May 2013. This marks the third month in a row for a five percent increase, according to ...