Underwriting & Pricing
Court Upholds Florida OIR Position On Sinkhole Coverage
A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the ...India Ready To Stop Iran Oil Imports As Insurers Drop Coverage, Refiner Says
India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of ...
U.S. Drought Conditions Improve In Many States, But Not Texas
Winter wheat growers in the U.S. High Plains were enjoying improved soil-moisture conditions in some key growing areas as the region's drought levels continued to retreat, according to a report ...
P/C Execs Should Look For Best Fit, Not “Right Answers” From Cat Models
Catastrophe models in the property/casualty insurance sector have been under intense and increasing scrutiny for more than a decade. The 9/11 terrorist attacks, coupled with significant losses from ...
Statutory Filings’ Analysis Reveals Adverse Development For Recent Prior Years: Assured Research
Twelve of the top-25 insurance groups reported adverse reserve development for accident-years 2010 and 2011 during calendar-year 2012, according to new research conducted by Assured Research LLC. In ...
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 ...