Features
S&P Explains Rating Evaluation Of Insurer Governance, Management Strategy
As insurers seek to compete in the challenging global economy, key strategic decisions are critical to striking a balance between growth, profitability, and risk. A combination of slow global ...
How Insurers Can Improve Wildfire Risk Evaluations
Wildfires pose significant challenges to insurers. New, expensive homes built in areas encroaching forests, drier weather and the bark beetle infestation are among the factors that have increased the ...
Crop Insurers Upbeat Despite Drought Conditions, Underwriting Losses: Fitch
Multi-peril crop insurance represents a very modest portion of U.S. property/casualty insurance industry revenues. However, this segment has garnered considerable attention as scorching summer heat ...
Liability Insurance At The Inflection Point: Conning Analysis
U.S. liability insurance results have been favorable in the past few years, buoyed by benign loss frequency, reserve releases, and the absence of major casualty catastrophes. The prospect of ...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements—one for homeowners and another for commercial roofs—that ...
Who Should Educate Policyholders: Agents Or Carriers?
Policyholder education about insurance coverage wording is a critical challenge for the property/casualty insurance industry. But who should be doing the teaching—agents or carriers? During a ...
XL’s McGavick’s Innovation Tip: Move Best People Off Profitable Business
If you want to spark innovation in your company, move your best people out of your most profitable businesses, XL's chief executive officer advises. Mike McGavick, the CEO of Dublin-based XL Group ...
Construction Insurance Opportunities On The Rise
Rising construction employment and private projects—residential and nonresidential—mean improved growth prospects ahead for commercial insurers, says Robert Hartwig, the president of the ...