“We expect social inflation to continue, and insurers to respond by building higher expected losses into ...
Social inflation has put severity pressure on loss cost trends over last five years: CNA CEO
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that over the past five years, social...
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that over the past five years, social...
Article / 1 day ago
General liability rates could climb as third-party litigation funding grows outside of US
The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates....
The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates....
Article / 3 days ago
5 questions for RIMS: Rates, reserves, economic slowdown, M&A outlook
As the industry gathers in San Diego, these are key discussion points....
As the industry gathers in San Diego, these are key discussion points....
Article / 6 days ago
Social inflation will drive P&C (re)insurers to raise prices
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
PR / 6 days ago
US Q1 results: E&S flow maintained as casualty demand surges
Property rates remain adequate, although price increases are tailing off....
Property rates remain adequate, although price increases are tailing off....
Article / 7 days ago
Relm Insurance addressing industry scarcity with employment practices offering
The policy offering expands third-party liability coverage and wage and hour liability....
The policy offering expands third-party liability coverage and wage and hour liability....
Article / 8 days ago
India, Middle East, and Africa rates dip in all major product lines
Insurance rates in the first quarter of 2024 declined 2% in the IMEA region, where rates for large and complex organizations are often driven or influenced by the reinsurance market...
Insurance rates in the first quarter of 2024 declined 2% in the IMEA region, where rates for large and complex organizations are often driven or influenced by the reinsurance market...
Article / 8 days ago
Today's excess casualty market: elevating to meet the challenge
We hear frequently that today's surplus lines casualty market is remarkably tough. Of course, the reality is that the E&S excess casualty market is always challenging....
We hear frequently that today's surplus lines casualty market is remarkably tough. Of course, the reality is that the E&S excess casualty market is always challenging....
Article / 12 days ago
CRC: Excess and umbrella rate reductions a rarity even as sector stabilizes
Rate reductions remain a rarity in the excess and umbrella market, even with pricing stabilizing, although loss-free accounts are no longer being hit with double-digit...
Rate reductions remain a rarity in the excess and umbrella market, even with pricing stabilizing, although loss-free accounts are no longer being hit with double-digit...
Article / 18 days ago
Reinsurance Market Dynamics: April 2024
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Report / 22 days ago
