Insurance Journal » report http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 24 Apr 2015 17:14:00 +0000 en-US hourly 1 http://wordpress.org/?v=4.1.2 San Antonio Fire Crew Unaware Senior Facility Was a High-Rise http://www.insurancejournal.com/news/southcentral/2015/03/05/359570.htm Thu, 05 Mar 2015 17:16:34 +0000 http://www.insurancejournal.com/?p=359570 An analysis by the San Antonio Fire Department says the arrival of specialized resources to a December fire that killed five residents of a senior living facility near San Antonio, Texas, was delayed because responders were unaware it was a …

The article San Antonio Fire Crew Unaware Senior Facility Was a High-Rise appeared first on Insurance Journal.

]]>
Deloitte Insurance Report Keys in on Climate Change http://www.insurancejournal.com/news/national/2015/01/29/355914.htm Thu, 29 Jan 2015 21:10:06 +0000 http://www.insurancejournal.com/?p=355914 The potential impact of climate change on the insurance industry was important enough for consulting giant Deloitte Touche Tohmatsu Ltd. to include the topic as a significant part of its recent 2015 Property and Casualty Insurance Outlook. The bulk of …

The article Deloitte Insurance Report Keys in on Climate Change appeared first on Insurance Journal.

]]>
Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter http://www.insurancejournal.com/news/international/2015/01/07/353147.htm Wed, 07 Jan 2015 14:13:22 +0000 http://www.insurancejournal.com/?p=353147 Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy Carpenter’s 2015 global renewals report, entitled “Shaping the …

The article Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter appeared first on Insurance Journal.

]]>
A.M. Best: Rated Middle Eastern Insurers Well-Capitalized; Reliant on Reinsurance http://www.insurancejournal.com/news/international/2014/12/22/350781.htm Mon, 22 Dec 2014 08:26:39 +0000 http://www.insurancejournal.com/?p=350781 Insurers in the Middle East have strong levels of risk-adjusted capital, although they continue to rely heavily on reinsurance protection and carry elevated levels of investment risk. A new report from A.M. Best states that insurance markets in the Middle East are …

The article A.M. Best: Rated Middle Eastern Insurers Well-Capitalized; Reliant on Reinsurance appeared first on Insurance Journal.

]]>
A.M. Best: Ratings Stable for Western European (Re)Insurers http://www.insurancejournal.com/news/international/2014/12/22/350779.htm Mon, 22 Dec 2014 08:16:08 +0000 http://www.insurancejournal.com/?p=350779 Insurers and reinsurers in western Europe posted solid performances in 2014 and retained their capital strength against a backdrop of economic calm, according to a new special report from A.M. Best. The report analyzes the agency’s ratings actions through the year …

The article A.M. Best: Ratings Stable for Western European (Re)Insurers appeared first on Insurance Journal.

]]>
A.M. Best Report: ‘Grey Swan’ Risks Can Affect Balance Sheets, Ratings http://www.insurancejournal.com/news/international/2014/12/17/350374.htm Wed, 17 Dec 2014 12:35:57 +0000 http://www.insurancejournal.com/?p=350374 A new special report from A.M. Best discusses the need for non-life and life insurers to address threats called “grey swans,” the low-probability, high-severity events that have the potential to impair balance sheets and lower financial strength ratings. “Although some risks do …

The article A.M. Best Report: ‘Grey Swan’ Risks Can Affect Balance Sheets, Ratings appeared first on Insurance Journal.

]]>
Aon Report Identifies Key Risks for Financial Institutions in EMEA http://www.insurancejournal.com/news/international/2014/12/12/349901.htm Fri, 12 Dec 2014 14:03:25 +0000 http://www.insurancejournal.com/?p=349901 Understanding and managing risk is increasingly a critical success factor for financial institutions, according to a report on financial institutions issued by Aon Risk Solutions, the risk management business of Aon plc. Entitled “2014 EMEA Financial Institutions Industry Report,” the …

The article Aon Report Identifies Key Risks for Financial Institutions in EMEA appeared first on Insurance Journal.

]]>
A.M. Best Comments on Results of EIOPA’s Insurance Stress Test http://www.insurancejournal.com/news/international/2014/12/09/349284.htm Tue, 09 Dec 2014 09:19:16 +0000 http://www.insurancejournal.com/?p=349284 A.M. Best said it would be premature to draw negative conclusions from the most recent Solvency II stress tests conducted by the European Insurance and Occupational Pensions Authority (EIOPA) and does not anticipate any rating implications at this stage. In …

The article A.M. Best Comments on Results of EIOPA’s Insurance Stress Test appeared first on Insurance Journal.

]]>
A.M. Best Report: Last Resort Insurers Welcome Catastrophe Bond Market http://www.insurancejournal.com/news/international/2014/12/03/348761.htm Wed, 03 Dec 2014 08:36:21 +0000 http://www.insurancejournal.com/?p=348761 The convergence market has provided an opportunity for entities that act as insurers of last resort to transfer some of their peak exposures to the capital markets, according to a Best’s Special Report titled, “Last Resort Insurers Welcome Relief From Growing Catastrophe …

The article A.M. Best Report: Last Resort Insurers Welcome Catastrophe Bond Market appeared first on Insurance Journal.

]]>
A.M. Best: Asia-Pacific M&As Driven by Top-Line Growth Prospects http://www.insurancejournal.com/news/international/2014/12/03/348759.htm Wed, 03 Dec 2014 08:18:19 +0000 http://www.insurancejournal.com/?p=348759 The Asia-Pacific region has been a popular destination for mergers and acquisitions, driven by top-line growth prospects for many still-developing markets with low insurance penetration, according to a Best’s Special Report titled, “Asia-Pacific Mergers and Acquisitions Seen as More Balanced, Driven by …

The article A.M. Best: Asia-Pacific M&As Driven by Top-Line Growth Prospects appeared first on Insurance Journal.

]]>
Baton Rouge-Area Among Top Gainers for New Construction Jobs http://www.insurancejournal.com/news/southcentral/2014/08/01/336540.htm Fri, 01 Aug 2014 16:30:35 +0000 http://www.insurancejournal.com/?p=336540 Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs. NOLA.com/The Times-Picayune reports the recognition was announced on July 30 in a report …

The article Baton Rouge-Area Among Top Gainers for New Construction Jobs appeared first on Insurance Journal.

]]>
U.S. Report: Climate Change Here, Deal With It http://www.insurancejournal.com/news/national/2014/05/06/328457.htm Tue, 06 May 2014 23:59:49 +0000 http://www.insurancejournal.com/?p=328457 Climate change is in the here and now, according to a massive report issued on Tuesday. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for the impacts of a changing …

The article U.S. Report: Climate Change Here, Deal With It appeared first on Insurance Journal.

]]>
Ohio Medical Malpractice Claims Decline Again in 2012 http://www.insurancejournal.com/news/midwest/2014/05/05/328287.htm Mon, 05 May 2014 16:31:08 +0000 http://www.insurancejournal.com/?p=328287 Medical malpractice claims in Ohio hit a new low in 2012, according to a new report. The annual Ohio Medical Professional Liability Closed Claim Report from the Ohio Department of Insurance showed 2,733 claims in 2012, the last year for …

The article Ohio Medical Malpractice Claims Decline Again in 2012 appeared first on Insurance Journal.

]]>
NAPCO Report: Prices Decreasing, Competition Increasing in P&C Space http://www.insurancejournal.com/news/national/2014/04/10/326001.htm Thu, 10 Apr 2014 17:00:01 +0000 http://www.insurancejournal.com/?p=326001 Insurers have become increasingly competitive and are reducing rates for most accounts as a result of low global insured catastrophe losses and added capacity from non-traditional market sources, according to wholesale insurance broker-NAPCO’s biannual State of the Market: NAPCO Property …

The article NAPCO Report: Prices Decreasing, Competition Increasing in P&C Space appeared first on Insurance Journal.

]]>
Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh http://www.insurancejournal.com/news/national/2014/04/03/325398.htm Thu, 03 Apr 2014 16:33:04 +0000 http://www.insurancejournal.com/?p=325398 Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research report. Marsh found that financial …

The article Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh appeared first on Insurance Journal.

]]>
Final Report on Joplin Tornado Highlights Communication, Building Standards http://www.insurancejournal.com/news/midwest/2014/04/02/325339.htm Wed, 02 Apr 2014 23:54:14 +0000 http://www.insurancejournal.com/?p=325339 A federal agency’s final report about its technical investigation into the 2011 Joplin tornado calls for nationally accepted standards for building design and construction, and public shelters and emergency communications that the group says can significantly reduce tornado deaths. The …

The article Final Report on Joplin Tornado Highlights Communication, Building Standards appeared first on Insurance Journal.

]]>
California Targeted by Cyber-gangs: Report http://www.insurancejournal.com/news/west/2014/03/21/323925.htm Fri, 21 Mar 2014 16:26:06 +0000 http://www.insurancejournal.com/?p=323925 International criminal enterprises follow the money, and a report  says they are increasingly focusing on California because of its wealth and innovation. Aside from long-time trafficking in drugs, guns and people, the report by California Attorney General Kamala Harris says …

The article California Targeted by Cyber-gangs: Report appeared first on Insurance Journal.

]]>
Federal Report Details Problems at Indiana’s Workplace Safety Agency http://www.insurancejournal.com/news/midwest/2014/03/12/323105.htm Wed, 12 Mar 2014 16:27:57 +0000 http://www.insurancejournal.com/?p=323105 Federal investigators say Indiana’s workplace safety agency mishandled complaints, put its inspectors under strict time constraints and didn’t help whistleblowers. The federal Occupational Safety and Health Administration in a report released made 22 recommendations for improvement at the Indiana Occupational …

The article Federal Report Details Problems at Indiana’s Workplace Safety Agency appeared first on Insurance Journal.

]]>
Rate Hikes in California Workers’ Comp: SNL Financial http://www.insurancejournal.com/news/west/2013/12/18/314946.htm Wed, 18 Dec 2013 21:59:33 +0000 http://www.insurancejournal.com/?p=314946 AmTrust Financial Services Inc. hiked rates by 15 percent on its California workers’ compensation business in 2013, and it is not alone. SNL data shows multiple companies took rate during the first half of 2013. The rates used in this …

The article Rate Hikes in California Workers’ Comp: SNL Financial appeared first on Insurance Journal.

]]>
Kansas Agency Releases Report on Party Bus Death http://www.insurancejournal.com/news/midwest/2013/12/02/312722.htm Mon, 02 Dec 2013 17:50:34 +0000 http://www.insurancejournal.com/?p=312722 Although a party bus driver insists she properly latched a door from which a Kansas woman fell to her death, Kansas Highway Patrol troopers said in an investigative report released this week they doubted that was possible. Jamie Frecks, 26, …

The article Kansas Agency Releases Report on Party Bus Death appeared first on Insurance Journal.

]]>
Wildfires, Hail Take Toll on Colorado Homeowners Insurance http://www.insurancejournal.com/news/west/2013/07/11/298234.htm Thu, 11 Jul 2013 23:39:06 +0000 http://www.insurancejournal.com/?p=298234 It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recently doused Black Forest fire should …

The article Wildfires, Hail Take Toll on Colorado Homeowners Insurance appeared first on Insurance Journal.

]]>
Report Recommends Changes at South Dakota Division of Insurance http://www.insurancejournal.com/news/midwest/2013/06/30/297197.htm Sun, 30 Jun 2013 23:20:59 +0000 http://www.insurancejournal.com/?p=297197 A department secretary’s report on the South Dakota Division of Insurance is recommending increased oversight from supervisors and the secretary, better staff communication and a new informal settlement process, state officials said. Gov. Dennis Daugaard earlier this month requested the …

The article Report Recommends Changes at South Dakota Division of Insurance appeared first on Insurance Journal.

]]>
Hospitals Paid More For Surgeries On Injured Workers: Report http://www.insurancejournal.com/news/national/2013/06/21/296352.htm Fri, 21 Jun 2013 16:14:35 +0000 http://www.insurancejournal.com/?p=296352 A 16-state study shows that in half of the study states hospital outpatient payments for shoulder surgeries in workers’ compensation were at least $2,000 higher than those in group health. The study from the Workers’ Compensation Research Institute is the …

The article Hospitals Paid More For Surgeries On Injured Workers: Report appeared first on Insurance Journal.

]]>
After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO http://www.insurancejournal.com/news/national/2013/05/06/291046.htm Mon, 06 May 2013 16:43:21 +0000 http://www.insurancejournal.com/?p=291046 Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCO’s Spring 2013 State of the Market Report, underwriters and …

The article After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO appeared first on Insurance Journal.

]]>
Best Analyzes Panama’s Competitive Insurance Environment; Solvency II http://www.insurancejournal.com/news/international/2013/01/15/277484.htm Tue, 15 Jan 2013 11:07:40 +0000 http://www.insurancejournal.com/?p=277484 A.M. Best has reported that despite there being “32 insurance companies fighting for market share in the tiny country of Panama; Panamanian insurers are holding their own against their global competitors.” The report appears in this week’s issue of BestWeek …

The article Best Analyzes Panama’s Competitive Insurance Environment; Solvency II appeared first on Insurance Journal.

]]>
Insurance Fraud Allegations Up in Ohio http://www.insurancejournal.com/news/midwest/2012/12/11/273492.htm Tue, 11 Dec 2012 16:55:27 +0000 http://www.insurancejournal.com/?p=273492 Officials say the record number of insurance-fraud allegations in Ohio this year can be partly attributed to better reporting of suspected incidents and difficult economic times that push some people into illegal activity. The Ohio Department of Insurance reports that …

The article Insurance Fraud Allegations Up in Ohio appeared first on Insurance Journal.

]]>
S&P Report: Reinsurers Discuss Industry Lessons Learned From Hurricane Sandy http://www.insurancejournal.com/news/international/2012/11/30/272288.htm Fri, 30 Nov 2012 11:21:14 +0000 http://www.insurancejournal.com/?p=272288 A recent report, “Reinsurance Industry Leaders Discuss Lessons Learned From Hurricane Sandy,” published Nov. 29, 2012, on RatingsDirect, Standard & Poor’s Ratings Services, notes that “reinsurers had three very good quarters until Superstorm Sandy hit the U.S. East Coast on …

The article S&P Report: Reinsurers Discuss Industry Lessons Learned From Hurricane Sandy appeared first on Insurance Journal.

]]>
Willis Provides Expertise to UK Government Report on Cat Models/Risk Reduction http://www.insurancejournal.com/news/international/2012/11/28/271916.htm Wed, 28 Nov 2012 11:46:18 +0000 http://www.insurancejournal.com/?p=271916 A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled “Reducing the Risks of Future Disasters: Priorities for Decision Makers.” “Disaster risk reduction needs …

The article Willis Provides Expertise to UK Government Report on Cat Models/Risk Reduction appeared first on Insurance Journal.

]]>
UN Report: Melting Permafrost Seen as New Peril in Global Warming http://www.insurancejournal.com/news/international/2012/11/28/271914.htm Wed, 28 Nov 2012 11:39:44 +0000 http://www.insurancejournal.com/?p=271914 Permafrost lands across Siberia and Alaska that contain vast stores of carbon are beginning to thaw, bringing with it the threat of a big increase in global warming by 2100, a U.N. report said on Tuesday. A thaw of the …

The article UN Report: Melting Permafrost Seen as New Peril in Global Warming appeared first on Insurance Journal.

]]>
Lloyd’s Report Focuses on ‘Gap’ in Disaster Costs and Insurance Coverage http://www.insurancejournal.com/news/international/2012/11/28/271903.htm Wed, 28 Nov 2012 11:18:57 +0000 http://www.insurancejournal.com/?p=271903 A new report from Lloyd’s notes that the “the world has been battered by natural catastrophes in recent years, revealing a serious gap between the economic cost of natural catastrophes and the levels of insured risk.” Recently published research, Lloyd’s …

The article Lloyd’s Report Focuses on ‘Gap’ in Disaster Costs and Insurance Coverage appeared first on Insurance Journal.

]]>