Number of Dog Bite Insurance Claims Falls But Average Claim Rises to $37K May 12, 2016 By Emma Orr The cost of dog-bite claims for U.S. insurers climbed 16 percent last year on higher medical expenses and larger settlements...
Usage-Based Auto Insurance, Slow at First, Picking Up Speed May 12, 2016 Usage-based auto insurance will explode globally in the next seven years, a new industry analysis asserts. IHS Inc.’s IHS Automotive...
Agency Mergers Set Record with ‘Unstoppable Momentum’ in Q1: Optis May 11, 2016 Insurance agency mergers and acquisitions hit an all-time high for the first quarter of a year, with 109 reported transactions...
Large, Mid-Sized Agencies Grew 5%, Maintained Strong Profit in Q1: Reagan May 10, 2016 Organic revenue growth at privately-held large and mid-sized insurance agencies bounced to 5.1 percent for the first quarter of 2016,...
Insurer’s Hospital Claims Study Corroborates High Death Risk from Medical Errors May 10, 2016 Death claims are the most common hospital liability claims, according to an insurance company study released after researchers at Johns...
Taking Stock of D&O Insurance Market: Capacity, Coverage and Culpability May 10, 2016 By Young Ha The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according...
Costly Alberta Wildfires to Hit Q2 Results; Insurers Are Resilient: Ratings Reports May 9, 2016 By L.S. Howard While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe...
Global Reinsurer Profits Expected to Dip in 2016 as Soft Market Takes Toll: Fitch May 9, 2016 Global reinsurance sector profits in 2016 will fall below 2015 levels as soft market rates, low investment income and an...
Workers’ Compensation Market Improved, Grew Premium in 2015: NCCI May 6, 2016 The workers’ compensation market is healthy and profitable. This year’s “State of the Line” report, published by the National Council...
Natural Disaster Losses Hit Five-Year High in April: Aon Catastrophe Report May 5, 2016 The global economy suffered the worst April natural disaster losses for five years, according to Impact Forecasting, Aon Benfield’s catastrophe...