Underwriting & Pricing
Rate Gains Tapering in Commercial Lines: Towers Watson
Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers ...
Program Segment an Opportunity for Carriers with the Expertise and Focus
With a faster rate of growth than the overall property/casualty insurance market, the commercial program business segment can deliver true benefits for a carrier that dedicates the time and resources ...
Investor Demand for Political Risk Insurance Remains High
Investors' demand for insurance against political risk is on track to match last year's record as instability persists in the Middle East and disputes in Latin America erode confidence, the World ...
Developers Gain Added Protection from Terrorism-Related Lawsuits in 9/11 Case
A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from lawsuits over property losses linked to terrorism, in a case stemming ...
U.S. Terror Risk Undiminished As Terror Groups Multiply: Senator
The risk of a terrorist attack against the U.S. hasn't diminished as groups affiliated with al- Qaeda have proliferated and are developing explosive devices designed to elude detection, Senator ...
Easing of Iranian Oil Ship Insurance Sanctions Likely Months Away
A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers' unease over ...
Zurich P/C Chief Kerner Sees ‘Dramatic’ Cyber Attack in Near Future
Michael Kerner, who oversees property-casualty coverage at Zurich Insurance Group AG, said computer threats are escalating and may soon cause "dramatic" disruptions for businesses and individuals. ...
Generali CEO Greco Eyes Extra Cost Cuts to Boost Capital
Assicurazioni Generali SpA, Europe's third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and reduce debt to boost profit and strengthen capital. The company ...