Iowa insurance professionals don't think so. But, they concede, the storm's damage comes at a bad time...
Oil Pollution Act market retreats over stance of US Coast Guard
A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations...
A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations...
Article / 13 hours 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
D&O rate reductions decelerate but trajectory remains worrying
There is frustration in the market that remediation work has been squandered...
There is frustration in the market that remediation work has been squandered...
Article / 1 month ago
Mounting interest in casualty captives as market toughens
Multinationals are increasingly looking to put casualty exposures within captives, particular for areas where the insurance market is proving difficult, such as US risks...
Multinationals are increasingly looking to put casualty exposures within captives, particular for areas where the insurance market is proving difficult, such as US risks...
Article / 2 months ago
European market to stabilise further
Brokers predict that European insurance buyers may begin to see more widespread softening for key risks in the second half...
Brokers predict that European insurance buyers may begin to see more widespread softening for key risks in the second half...
Article / 2 months ago
Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions,...
Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions,...
Article / 3 months ago
The Canadian Financial Lines Insurance Market: Market Conditions & Risk Factors that Brokers and Policyholders Should Know
Per Beazley’s ‘Canada Snapshot Report: Risk & Resilience in a Time of Change’, launched in late 2023, 35% of Canadian business leaders identified a high-risk environment...
Per Beazley’s ‘Canada Snapshot Report: Risk & Resilience in a Time of Change’, launched in late 2023, 35% of Canadian business leaders identified a high-risk environment...
Article / 3 months ago
D&O market to soften further in 2024
D&O rates are expected to fall further in 2024 as insurers fight over a smaller pool of premium, although an uptick in insolvency claims may yet check market softening...
D&O rates are expected to fall further in 2024 as insurers fight over a smaller pool of premium, although an uptick in insolvency claims may yet check market softening...
Article / 4 months ago
Aerospace Manufacturers and Infrastructure Market Update
Since early 2022, there have been dark clouds lingering over the aviation insurance market...
Since early 2022, there have been dark clouds lingering over the aviation insurance market...
Article / 4 months ago
Good Riddance to 2023
Natural catastrophes and hefty inflation in repair costs made 2023 a year to forget for P&C insurers. On to 2024...
Natural catastrophes and hefty inflation in repair costs made 2023 a year to forget for P&C insurers. On to 2024...
Article / 4 months ago
