Hurricane Season News

Carvill Issues 2006 Hurricane Report

ReAdvisory, the analytical arm of specialty reinsurance intermediary Carvill, has released a white paper titled: “2006 Atlantic Hurricane Season in Review,” which examines recent weather patterns in the Atlantic. Carvill said that although the “report highlights the low level of …

Midwestern states top 2006 list for largest catastrophe losses

While most of the country tends to consider the coastal areas to be the jackpot winners for pending catastrophes, in 2006 the Midwest won in the disaster lottery. Living in the Midwest, all of us know the devastating impact of …

Industry leaders debate federal vs. state regulation with Democratic Congress shift

The Professional Liability Underwriting Society (PLUS) held its international conference in Chicago in late 2006. Moderating the panel was television journalist Forrest Sawyer, a 24-year veteran of ABC, CBS and MSNBC, who targeted his questions to a diverse group of …

Agents, brokers ready to pursue ambitious legislative agenda in 2007

There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House passage of a surplus lines bill illustrated …

A look behind the very good P/C results for 2006

The numbers, or estimates, for the property casualty insurance industry for 2006 are in. Dr Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance Journal’s Andrew Simpson at III’s Joint Property Casualty Insurance Conference …

Agents, brokers ready to pursue ambitious legislative agenda in 2007

There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House passage of a surplus lines bill illustrated …

Now Is No Time to Ease Up on Loss Prevention, Warns Risk Expert

The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and insurance. “It’s part …

How Democratic Congress might approach federal insurance

The Professional Liability Underwriting Society (PLUS) held its international conference in Chicago in late 2006. Moderating the panel was television journalist Forrest Sawyer, a 24-year veteran of ABC, CBS and MSNBC, who targeted his questions to insurance leaders and the …

Commercial insurers’ stocks reflect 4th quarter profits, calm storm season

Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices reflected the calm hurricane season, benefiting …

Biggest U.S. property cat losses in 2006 were away from coasts

Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in those areas thanks …