Advisen News

New Ohio Drilling Policy May Be Good for Oil & Gas, Insurance Industries

Ohio in mid-April 2014 enacted stricter regulations for oil and gas drilling near faults or areas of past seismic activity, a move that some, including insurers, may view as a step in the right direction. The Ohio Department of Natural …

If Fracking Is the Question, Insurers May Ask – What Is the Answer?

When it comes to the use of evolving technologies such as hydraulic fracturing, or fracking, in oil and gas production one big question insurance companies are faced with is: to insure or not to insure? That is a key question …

Top Loss Leaders in the Oil Patch? Commercial Auto, Workers’ Comp

There’s no doubt that new advancements in the practice of hydraulic fracturing, or fracking, are driving the current production boom in the oil patch. The technique, which is used to retrieve oil and gas reservoirs that previously were inaccessible via …

Insurance Capacity for Oil & Gas Is Plentiful but Contract Wording May Be Tricky

The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the wording in coverage contracts. As …

Various Factors Contributing to Stability in Property/Casualty Insurance Market

The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise — the current stability in the property/casualty …

Advisen: Historians May See 2013 as ‘Cyber Tipping-Point’

Historians may look at the year 2013 as a “cyber tipping-point” — the point at which businesses and governments finally realized the severity of the threats they were facing, according to Advisen, a New York-based commercial insurance research and data …

Zurich/Advisen Poll Finds Cyber Risk Awareness Increasing

A note from Zurich Insurance indicates that the “vast majority of risk professionals say information security and other cyber risks are at least a moderate threat to their organizations,” according to a new survey sponsored by Zurich and administered by …

Advisen in New York Hires 2 Execs to Lead New Analytics Unit

Advisen Ltd., an insurance analytics and market information provider headquartered in New York, appointed Seth Rachlin and John Pagliaccio to lead the newly formed information and analytics business unit. As president of the information and analytics business unit and an …

Do Flat Premums in Q2 Signal Soft Market Is Near Bottom?

Renewal premiums in the second quarter were essentially flat, suggesting that the soft commercial lines insurance market may be close to its bottom, risk managers report. Premiums for three of four lines tracked by the RIMS Benchmark Survey —general liability, …

Overcapacity in P/C Insurance Keeping Commercial Prices Down

Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters’ efforts to hold the line on premiums buckled under the pressure of a highly overcapitalized market. Three of the four lines of business tracked by …