Average of £1.13 million paid out every hour in motor claims last year....
Social inflation: Defense cost analysis shows first signs of adverse trends in problematic lines
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines....
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines....
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 / 1 month ago
Insurance rate hikes accelerate in February
Commercial policyholders paid more for most major lines of coverage last month as premium renewal rates accelerated compared with January, according to a report Tuesday from Ivans...
Commercial policyholders paid more for most major lines of coverage last month as premium renewal rates accelerated compared with January, according to a report Tuesday from Ivans...
Article / 2 months ago
Revisiting the 2023 annual report reserve triangles
Some carriers may be pressing too hard on reserve releases from recent years....
Some carriers may be pressing too hard on reserve releases from recent years....
Article / 2 months ago
Commercial insurance price hikes ease
Commercial insurance policyholders paid an average premium increase of 7% in the fourth quarter of 2023, down from 8.1% in the prior quarter, according to the Council of Insurance...
Commercial insurance policyholders paid an average premium increase of 7% in the fourth quarter of 2023, down from 8.1% in the prior quarter, according to the Council of Insurance...
Article / 2 months ago
US casualty insurance costs rising for multinationals
Multinational companies with US casualty exposures face higher insurance costs, as insurers and reinsurers react to persistently high loss ratios and social inflation...
Multinational companies with US casualty exposures face higher insurance costs, as insurers and reinsurers react to persistently high loss ratios and social inflation...
Article / 2 months ago
Georgia Senate Approves End to Direct-Action Suits vs. Truck Insurers
Georgia senators are moving to limit the ability of people to sue insurance companies directly in lawsuits over trucking accidents
Georgia senators are moving to limit the ability of people to sue insurance companies directly in lawsuits over trucking accidents
Article / 2 months ago
Tesla Runs Afoul of Font-Size Rule in 2.2 Million Electric Cars
Tesla drivers no longer have to squint to read the warning lights in their electric vehicles, thanks to eagle-eyed auditors at the US National Highway Traffic Safety Administration....
Tesla drivers no longer have to squint to read the warning lights in their electric vehicles, thanks to eagle-eyed auditors at the US National Highway Traffic Safety Administration....
Article / 3 months ago
Long Road Back to Streets for GM’s Cruise After Safety Review
General Motors’ Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public that its robotaxis are fit to share the road with human...
General Motors’ Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public that its robotaxis are fit to share the road with human...
Article / 3 months ago
Q4 earnings analysis: Caution prevails in US liability insurance
The drivers are not surprising, but the extent of development is, execs said....
The drivers are not surprising, but the extent of development is, execs said....
Article / 3 months ago
