Underwriting & Pricing
Everest Re Warns Q4 Catastrophe Losses Will Almost Hit $700M
Everest Re Group Ltd. expects nearly $700 million in catastrophe losses for the 2018 fourth quarter due to wildfires, a hurricane and a hailstorm. Everest's prediction of $695 million in catastrophe ...
Move Over InsurTechs: Chubb’s Digital Marketplace Is Live and Serving 1,000 Agents a Day
Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, ...
Travelers Combined Ratio Ticks Higher; Q4 Profit Exceeds Estimates
Insurer Travelers Cos Inc reported a better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires. ...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the ...
Hurricane Florence Demonstrates Perils of Being Underinsured/ Uninsured, Says RMS
Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. "The ...
U.S. P/C Insurers Produced $4.7B Net Underwriting Gain Through Q3 2018
The U.S. property/casualty insurance private market produced a $4.7 billion net underwriting profit over the first nine months of 2018, according to a new report from ISO/Verisk and the American ...
Pentagon Warns Climate Change Poses Dire Risks to Bases and Troops
The U.S. Defense Department has issued a dire report on how climate change could affect the nation's armed forces and security, warning that rising seas could inundate coastal bases and ...
Better Answers or Fewer Questions; Two Sides to the Commercial Underwriting Improvement Coin
Commercial property/casualty insurance underwriting today is a complicated, often messy process. Many times the agent sends new business applications, loss runs and other documents (together known as ...