rate increases News
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...
D&O Coverage Challenges Are Increasing: A.M. Best
Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued rate hikes and narrower coverage guidelines will be necessary ...
Florida Carriers, Facing Market Turmoil, Pursue Massive Rate Increases
It's no surprise that Florida carriers are raising homeowners insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims. ...
AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Talks Operational Overhaul
AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer's ongoing efforts to shed excessively risky business. "We are ...
Two Years Late, the P/C Insurance Market Is Finally Hardening: W.R. Berkley CEO
Two years after the property/casualty insurance market experienced historic catastrophe losses, it is finally showing signs of hardening, said W.R. Berkley Corp.'s president and CEO. W. Robert ...
CNA Says More Rate Hikes to Come After $84M Q4 Net Loss
CNA Financial Corp. lost $84 million in its 2018 fourth quarter, a result the Chicago-based property/casualty insurer blames on poor investment returns and catastrophe losses. At the same time, CNA ...
California Blames Wildfires for Making Homeowners Insurance Increasingly Unaffordable
More frequent and intense wildfires are making it harder for homeowners to find and keep insurance in California, a state regulator warned Thursday. "The problem of insurance availability is going to ...
Aon: Homeowners Insurance Market Improves, Thanks to Rate Increases + Cheaper Reinsurance
The outlook for the U.S. homeowners insurance market has improved over the last year, thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. ...