Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne, chairman, president and CEO of ISO. Coyne also cautioned the industry to …
Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne, chairman, president and CEO of ISO. Coyne also cautioned the industry to …
Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, but the industry also should keep its eye on emerging risks, according to Frank J. Coyne, chairman, …
Fierce competition and catastrophe losses are forcing change all across the property/casualty insurance business, an industry leader said Monday. Ferocious competition has driven rates of return down and led to an increase in the number of insolvencies, while inflation, population …
Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market cycle. An abundance of capacity coupled …
With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday. In remarks at the 76th Annual Insurance Accounting & Systems Association Conference, ISO …
As thousands of risk management professionals, carrier executives, vendors and industry watchers gathered at the Risk and Insurance Management Society’s annual conference in San Diego, last month, there was only one question on the minds of corporate buyers of insurance—”When …
Property/casualty insurers are coming to grips with the fact that a government-sponsored terrorism insurance backstop could expire at the end of next year, which would send pricing shockwaves through the market. Carriers have become accustomed to easy access to terror …
Insurance Services Office Inc. (ISO) has acquired Quality Planning Corporation (QPC), a San Francisco-based provider of analytic methods for helping auto insurance companies achieve greater rating integrity. Terms were not disclosed. QPC’s proprietary analytic methods significantly reduce premium “leakage” in …
Lloyd’s has renewed its licensing agreement with Insurance Services Office, Inc. (ISO), which reportedly significantly expands the range of underwriting and claims products and services it can use in the U.S. market. Individual underwriters at Lloyd’s will, for the first …
