Property/Casualty Insurance Joint Industry Forum News

Policyholder Education: Agent or Carrier Responsibility?

Policyholder education about insurance coverage wording is a critical challenge for the property/casualty insurance industry. But who should be doing the teaching — agents or carriers? During a recent industry meeting, a personal lines insurance industry expert suggested that agents …

Lucky Or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact

At least one industry analyst says that good risk management is protecting insurers as they face a new normal level of catastrophe losses. Other experts believe luck is playing a bigger role than skill. Speaking at the Property/Casualty Insurance Joint …

Insurance Executives Say Ongoing Budget Battles Will Harm U.S. Economy

Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute at its 17th annual Property/Casualty Insurance Joint Industry Forum, held …

P/C CEOs Look Back on the Financial Storm That Was 2011

A panel of CEOs at a recent industry forum looked back and shared their thoughts on 2011, the year of record-high catastrophe loss for many carriers. Ohio Mutual Insurance Group CEO James Kennedy said that small- and mid-size mutual insurance …

P/C CEOs Say Low Interest Rates Push Need for Stringent Underwriting

The low interest-rate environment and poor investment income are pushing the need for more stringent underwriting for carriers, according to a panel of experts at a recent industry forum. Property/casualty insurers get part of their revenues from the interest generated …