Underwriting & Pricing
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 ...
Chubb Must Face Bear Stearns Lawsuit Over SEC Settlement Coverage
Chubb Corp.'s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for refusing to pay part of a U.S. Securities and Exchange Commission settlement, ...
EU Weighs Allowing Damage Suits Over Price Fixing
The European Union proposed rules for a uniform system allowing consumers to sue over price-fixing in a plan that stops short of forcing nations to allow group lawsuits. Proposals on ...
Commercial Prices Up For 9 Straight Quarters: Towers Watson; Years More Needed: Hartwig
Reporting an aggregate first-quarter 2013 jump in commercial insurance prices of almost 7 percent, Towers Watson said the result marks over two consecutive years—nine straight quarters—of price ...
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. ...
May’s Weather Caused Billions in Losses in U.S., Around the Globe: Aon Benfield
Severe weather in May caused an estimated $4 billion in insured damage, and almost twice that in economic losses, in the U.S. alone and billions more in economic losses around the globe, according to ...
Berkshire E&S Entrance Is No Concern, Berkley Says
Profit-focused executives from strong firms who understand the business of underwriting are welcome to enter the excess and surplus lines segment—and that includes Berkshire Hathaway's Ajit Jain, ...
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 ...