Spatial Key and MarketStance have formed a strategic partnership to provide commercial insurance carriers with instant, visual insights into market trends, opportunities and distribution channels. MarketStance’s datasets combine analysis and projections with granular demographic and commercial insurance information, including exposure, …
The fallout from the ongoing events in Egypt – protestors have called for a million people to assemble in Cairo today – is affecting both foreign and domestic companies. Several insurance executives in London agreed that “communications are very difficult. …
Chartis has introduced a salary reimbursement endorsement, developed by its Excess Casualty division as a supplementary benefit to its commercial umbrella insurance solutions. This coverage enhancement is designed to offset some of the uninsured costs employers incur when their employees …
Inland marine insurers now have access to new policy forms designed for insuring property losses to renewable energy generating equipment connected or adjacent to buildings. These new forms were created by the American Association of Insurance Services (AAIS). The forms …
North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect about 570,000 policyholders, with …
U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates. That could add …
The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has offered a set of reform proposals designed to improve the …
Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany. It announced that as of the first of the year, “the Group is acquiring 40 wind turbines in a total of …
Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the market is to come, according to two industry reports. For the second year in a row, global reinsurance property catastrophe …
The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of BP’s Macondo well while …
