Underwriting & Pricing
Insurance Industry Slams Treasury’s New Auto Insurance Affordability Formula
Federal regulators have adopted a methodology for monitoring the affordability of automobile insurance, capping years of debate and public comments. Property/casualty insurers, however, said the new ...
Q1 Troubles: Catastrophe Losses Knocked Net Income Down 26.6 Percent
Severe weather and the hefty insured losses that followed helped produce a 26.6 percent plunge in U.S. property/casualty insurers' net income during the 2016 first quarter, a new industry study has ...
How Modelers Are Responding to Cyber Risk
As the threat of a cyber attack against businesses has grown exponentially in recent years, so too has the cyber risk insurance market. According to Fitch Ratings, despite considerable uncertainty, ...
Carriers Losing Sight of Traditional Cat Risk Exposures: AIR Worldwide CEO
Novel risks of the digital age are not the only ones that property/casualty insurance industry executives should be worried about as they seek to manage insurance and reinsurance portfolios, the ...
W.R. Berkley Debuts Political Risk Coverage Targeted to Life Sciences Companies
W.R. Berkley Corp. is launching political risk insurance for life sciences companies, a type of product that has become increasingly popular in uncertain times. The insurer plans to offer the ...
High-Tech Safety Features a Priority for Older Drivers
High-tech safety features have jumped to a high priority for older U.S. car-shoppers, who want to keep their freedom of mobility, a study released Tuesday reports. Among Americans 50 and up who plan ...
Reinsurers Stock Prices Hit as Soft Market Persists: A.M. Best
While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its ...
XL Catlin Introduces Wholesale Pollution and Professional Insurance Policy for U.S. Trade Contractors
XL Catlin's North America Environmental insurance business has developed a new wholesale pollution and professional insurance policy for U.S. trade contractors. XL Catlin's new wholesale Contractors' ...