California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says
Predictions that the property/casualty insurance industry is in the midst repeating the type of loss reserving cycle that accompanied the hard...
Predictions that the property/casualty insurance industry is in the midst repeating the type of loss reserving cycle that accompanied the hard...
Article / 3 days ago
What Industry Executives Are Saying About Loss Reserves and Social Inflation
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the...
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the...
Article / 4 days ago
California Insurance Commissioner: Allow Cat Modeling in Rates for Wildfires
California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a move he says will...
California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a move he says will...
Article / 13 days ago
No Need to Build Capacity in One Room: U.S. E&S Market vs. Lloyd’s
In an article published by Carrier Management, contributing author Greg Gaydos, a business development executive from Zywave, suggested that doing...
In an article published by Carrier Management, contributing author Greg Gaydos, a business development executive from Zywave, suggested that doing...
Article / 15 days ago
California Workers’ Comp Report Shows Written Premium Nearing Pre-Pandemic Levels
A new report from the Workers’ Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14 percent above the previous year....
A new report from the Workers’ Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14 percent above the previous year....
Article / 3 months ago
Rising War Risks Prompt Insurers to Reassess Property Cover in Geopolitical Hot Spots
Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover...
Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover...
Article / 4 months ago
Report: Demand for Auto Insurance Cools
The quarterly, year-over-year U.S. auto insurance shopping growth rate declined to -1.2 percent in Q3 2023, down from 5.2 percent increase in Q2 2023, the result of rate increases and consumers’...
The quarterly, year-over-year U.S. auto insurance shopping growth rate declined to -1.2 percent in Q3 2023, down from 5.2 percent increase in Q2 2023, the result of rate increases and consumers’...
Article / 4 months ago
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions
The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity...
The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity...
Article / 6 months ago
Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters
While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking Ahead Guide for...
While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking Ahead Guide for...
Article / 6 months ago
Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market
Stakeholders near and far are hailing a record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance...
Stakeholders near and far are hailing a record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance...
Article / 8 months ago