Underwriting & Pricing
U.S. Commercial Insurance Prices Continue Sluggish Advance: Willis Towers Watson
"Flat" continues to be the norm for U.S. commercial insurance prices as 2016 advances. Prices in aggregate for the sector ticked up by less than 1 percent in the 2016 second quarter, just as they did ...
Over 80% of Homes Damaged in Louisiana Storms Lack Flood Insurance: Impact Forecasting
Extreme August flooding in Louisiana and the Midwest took its toll in August, causing between $10 billion and $15 billion in economic losses, according to Aon Benfield's Impact Forecasting. Public ...
Farmers Launches Food Truck Insurance Product
Farmers Insurance has launched an innovative new policy that offers licensed food truck owners the opportunity to purchase a single policy that combines commercial automobile coverage for their truck ...
InsurTech Momentum Builds as VC Investments Top $1B for 2016
Even though venture capital investments in VC-backed fintech companies fell more than 50 percent globally during the second quarter of 2016, interest in InsurTech continues to pick up steam, a new ...
Berkshire Hathaway Specialty Insurance and Tego to Underwrite Medical Indemnity in Australia
Berkshire Hathaway Specialty Insurance and Tego Insurance announced that they will jointly underwrite medical indemnity insurance in Australia. According to a statement from BHSI, the companies are ...
Global P/C Insurance Rate Declines Slowed Again in Q2: Marsh
The state of global insurance rates in the 2016 second quarter is very much a mixed bag. On the one hand, global insurance rates declined for the 13th consecutive quarter. However, this is the second ...
As Active Shooter Incidents Increase, Industry Addresses Coverage Gray Area
There's a new insurance market emerging in light of a disturbing reality in today's world: active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave ...
Ultra-High-Value Clients Require Customized Coverage, Enhanced Service
Carriers pursuing ultra-high-value clients must be willing to enhance customer service and customize workflows to fulfill the unique needs of this complex segment, according to a new brief from ...