Underwriting & Pricing
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 ...
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 ...D&O Insurance Market In State Of Transition: Marsh
Global broker Marsh reported that the directors and officers liability insurance is in "a state of transition" at the start of 2013. With overall program rates "generally flat to up slightly," and ...
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 ...