The current property/casualty market is not a “classic” hard market, yet anyway. While prices are clearly rising in certain lines including property and workers’ compensation, other conditions of a traditional hard market are not in place, according to property/casualty brokerage …
A vast majority of corporate risk managers at U.S. companies are taking steps to prepare for a hardening property/casualty (P/C) insurance market. Professional services company Towers Watson’s annual survey also found that while enterprise risk management (ERM) programs are in …
Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the trend, according to a report from insurance broker Marsh. Despite the absence of major natural catastrophes …
With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers expecting to achieve better …
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 …
Most property/casualty insurance executives believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey from the Insurance Information Institute. The I.I.I. conducted the …
Despite more than $100 billion in disaster losses around the world this year, insurers are not yet experiencing a broad and sustained increase in pricing power, defying predictions from a year ago that even half those losses would be enough …
A new consumer advocacy report is accusing P/C insurers of ‘colluding’ and needlessly raising commercial insurance rates at a time when U.S. businesses are still reeling from the slow economy. The report, released today, is from the Americans for Insurance …
Insurance rates are rising for property in high-risk areas, while rates are falling for many lines of professional insurance, leading to an overall stable market around the world, according to a report from Marsh, the brokerage arm of Marsh & …
In an indication that the market may be hardening, commercial insurance prices in aggregate increased by nearly 1.5 percent during the second quarter of 2011. It’s the first time since the fourth quarter of 2003 that all standard commercial lines …
