U.S., Automakers Pursue Drunk Driver Detection Systems January 2, 2014 The U.S. Department of Transportation’s National Highway Traffic Safety Administration has extended for five years its agreement with automakers to...
Capital Capacity Softens January Renewal Rates up to 25%: Willis Re Report January 2, 2014 According to Willis Re’s January 2014 Reinsurance Renewals Report, “a heady cocktail of converging factors has fuelled a soft buyers’...
Reinsurance Rates Down by 11% for January Renewals: Guy Carpenter Survey December 30, 2013 Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes...
E&S Industry Should Expect ‘Persistent Competition’ in 2014: Fitch December 30, 2013 Growing capacity will limit rate hikes and promote persistent competition in the excess and surplus (E&S) lines market, Fitch Ratings...
What EEOC Reports It Accomplished in FY 2013 December 24, 2013 The U.S. Equal Employment Opportunity Commission (EEOC) reported it obtained a record $372.1 million in monetary relief for victims of...
Buyers Benefit from Soft Market in Airline Renewal Season: Willis Report December 23, 2013 According to the Q4 Issue of Airline Insight, from Willis Group Holdings, “unprecedented levels of competition, growth in exposures and...
Report Casts Light on High Cost of Homeowners Insurance in Florida December 19, 2013 By Gary Fineout Floridians are paying the highest homeowner insurance rates in the nation even though the state has not been hit by...
Surplus of Capital Continues to Temper Property Rates: Marsh December 19, 2013 The surplus of capital among insurers and reinsurers continued to have an overall softening effect in the U.S. property insurance...
Agents Say Getting More Carriers to Offer ‘Real Time’ Is Among Top Tech Priorities December 19, 2013 The industry should place its highest priority on “getting additional carriers to offer real-time capabilities,” according to a survey of...
NICB: Florida Posts 23% Spike in Questionable Insurance Claims December 19, 2013 Florida’s questionable claims rose 23 percent from 2010 to 2012, according to the National Insurance Crime Bureau’s (NICB) 2010-2012 Florida...