Underwriting & Pricing
TRIA Won’t Be Extended, P/C Carrier CEOs Say
Chief executive officers of property/casualty insurance carriers said their companies will still stand ready to provide terrorism coverage when—not if—the Terror Risk Insurance Act expires ...
Broker Exec Sees Price Shoppers Emerging In Bifurcated Casualty Market
The reasoning that carrier executives advance for increased prices of casualty insurance—starting with low interest rates and ending with the need for underwriting profit—is wearing thin on some ...
The Underwriting-Claims ‘Disconnect’ in Casualty Insurance: An ERM Issue?
There are good business reasons why claims and underwriting professionals of casualty insurance carriers don't talk to each other about claim denials, underwriting executives said last week, with one ...
Coastal States to See Continued Population Growth: NOAA
Ten million more people will be living on the already-crowded U.S. coast by 2020 if current population trends continue. The coastal population will increase from 123 million to nearly 134 million ...
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury protection (PIP) law, ruling that it is no longer a "reasonable ...
Sandy Losses Wiped Out Entire U.S. Marine Premiums for 2012: IUMI
The cost of Superstorm Sandy to the global marine market has been put at between $2.5 billion and $3 billion—which effectively wipes out the entire U.S. marine premiums for 2012, according to the ...
Auditor Class Actions Go Global As U.S. Suits Dwindle
Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have previously not ...
Louisiana’s Assumption Parish Sinkhole Growing
A sinkhole in swampy Assumption Parish grew to 12 acres over the weekend, and officials said Monday they are monitoring the threat that another area nearby could liquefy into muck. Lawmakers on the ...