Underwriting & Pricing
Total Catastrophe Losses in 2013 at $130B, Insured Losses at $44B: Swiss Re
Swiss Re AG, the second-largest reinsurer worldwide, said natural and man-made catastrophes in 2013 caused $130 billion in economic losses tied to floods, hailstorms and other events. Insured losses ...
S&P Cuts RSA Insurance Credit Rating Citing ‘Weakening’ Management
RSA Insurance Group Plc may be set for more downgrades, threatening its ability to retain commercial clients, after Standard & Poor's cut its credit rating to the lowest in more than a decade. ...
GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL
Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation's second-largest private auto insurer. According to data compiled by SNL, GEICO logged $4.89 billion in ...
Florida’s Citizens Says Clearinghouse Delay Allows More Insurers to Join
Florida's state-backed property insurer announced that the debut of a new web-based clearinghouse would be delayed for a few weeks in order to ensure it is working efficiently and to allow more ...
2013 Had Lowest Hurricane Count Since 1982: Willis Re
The 2013 Atlantic storm season was one of the quietest in decades, with the lowest number of hurricanes since 1982 and none of them considered major, according to insurance broker Willis Re. An ...
Health Care D&O Rates Rise Significantly in Third Quarter: Marsh
Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid growing concerns over antitrust issues arising from ...
CoreLogic Releases 2013 U.S. Natural Hazard Risk Summary and Analysis
CoreLogic, a residential property information, analytics and services provider, on Wednesday released its annual Natural Hazard Risk Summary and Analysis detailing the most significant natural ...
Study Forecasts Growth for Professional Liability Insurance Market Across Europe
The market for professional indemnity insurance across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK - will be worth around ...