Although property casualty insurance capacity still exists in some areas in the U.S.’s east coast, the rate at which it is vanishing, especially in coastal areas, as well as the steep prices being offered for available capacity, have industry executives …
The outlook on the Canadian property and casualty (P&C) insurance industry remains stable says a report published by Standard & Poor’s Ratings Services. The report, entitled “Industry Report Card: Slower Momentum Expected For Canadian Property And Casualty Insurers,” suggests that, …
Standard & Poor’s Ratings Services has revised its outlook on Hanover Insurance Group Inc. and its operating company subsidiaries to positive from stable. At the same time, Standard & Poor’s affirmed its ‘BB+’ counterparty credit and senior unsecured debt ratings, …
Cycle management is the key driver of property/casualty insurance company investment strategies today, according to a new study by Conning Research and Consulting, Inc. “Regardless of size or underwriting focus, P/C insurers adjusted their investment portfolios in response to cycles …
The potential exposures for the property casualty insurance industry have fallen under the radar in the discussions of the effects of an Avian flu or other pandemic. Most people keeping watch on the possible effects have had their eye on …
In a further move towards consolidation in the Japanese P/C industry, the country’s largest insurance group, Millea Holdings, Inc., announced that it has agreed to fully integrate Nisshin Fire & Marine Insurance Co., one of its main operating subsidiaries. Millea …
Insurance buyers are taking a close look at their insurance and risk management programs, looking for possible financial recourse in the event of an outbreak. It is therefore worthwhile to examine each line of coverage in order to properly evaluate …
The Colorado General Assembly adjourned its concluding a session, which the Property Casualty Insurers Association of America (PCI) said was marked by the defeat of a wide variety of legislation that would have forced consumers to pay higher insurance premiums …
U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound risk management and strong investment results lead to …
Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the expectations of agents as well as the …
