As long as regulators and securities action filings remain active, underwriters are willing to compete in this line. Price wars show no sign of letting up as attractive loss ratios lure new players.
In the age of mass media and mega insurance events, the industry has had a staunch advocate in I.I.I.s Hartwig. He shares his thoughts with PC360 as he moves on to academia.
After several seasons free of major catastrophes, here a gut-check on whether property and casualty insurers expect a pendulum swing and how they would respond.
DebugScreen: mobile
{
"author": {
"name": "Phil Gusman",
"webUrl": "/author/profile/phil-gusman/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 1965,
"social": [],
"articles": [
{
"uri": "/2017/03/08/flood-gates-will-best-intentions-lead-to-a-healthy-private-insurance-market/",
"title": "Flood gates: Will best intentions lead to a healthy private insurance market?",
"byline": "Phil Gusman",
"kicker": "Market Insights",
"prettyDate": "March 08, 2017",
"timeToRead": "10 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "Last year, renewal discussions for the National Flood Insurance Program (NFIP) got off to an early and by most accounts very productive start.",
"body": null
},
{
"uri": "/2017/01/20/environmentally-sound-insurer-appetite-remains-strong-in-environmental-market/",
"title": "Environmentally sound? Insurer appetite remains strong in environmental market",
"byline": "Phil Gusman",
"kicker": "Market Insights",
"prettyDate": "January 20, 2017",
"timeToRead": "10 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "Even after one major carrier's exit and high-risk, headline-making exposures, insurer appetite remains strong in the environmental market.",
"body": null
},
{
"uri": "/2016/11/01/push-continues-to-get-flood-bill-to-the-finish-lin/",
"title": "Push continues to get Flood Bill to the finish line",
"byline": "Phil Gusman",
"kicker": "",
"prettyDate": "November 01, 2016",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [],
"summary": "NAPSLO identifies the Flood Insurance Market Parity and Modernization Act as its No. 1 priority.",
"body": null
},
{
"uri": "/2016/09/26/napslos-push-continues-to-get-flood-bill-to-the-fi/",
"title": "NAPSLO's push continues to get Flood bill to the finish line",
"byline": "Phil Gusman",
"kicker": "News",
"prettyDate": "September 26, 2016",
"timeToRead": "6 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "NAPSLO officials continue to push action on Flood insurance bill, but its fate may depend on the national election in November.",
"body": null
},
{
"uri": "/2016/09/22/competitive-pricing-but-expanded-capacity-in-es-lines/",
"title": "Competitive pricing, but expanded capacity in E&S lines",
"byline": "Phil Gusman",
"kicker": "Market Insights",
"prettyDate": "September 22, 2016",
"timeToRead": "9 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "While pricing remains competitive, the Surplus Lines market thrives on specialized expertise and well-crafted coverage.",
"body": null
},
{
"uri": "/2016/09/21/do-how-low-can-it-go/",
"title": "D&O: How low can it go?",
"byline": "Phil Gusman",
"kicker": "Market Insights",
"prettyDate": "September 21, 2016",
"timeToRead": "10 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "As long as regulators and securities action filings remain active, underwriters are willing to compete in this line. Price wars show no sign of letting up as attractive loss ratios lure new players.",
"body": null
},
{
"uri": "/2016/07/19/product-recalls-and-requests-for-coverage-on-the-rise/",
"title": "Product recalls, and requests for coverage, on the rise",
"byline": "Phil Gusman",
"kicker": "Market Insights",
"prettyDate": "July 19, 2016",
"timeToRead": "7 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "Safety is at an all-time high, but so are product recalls. How are businesses and insurers responding?",
"body": null
},
{
"uri": "/2016/07/18/i-i-i-s-robert-hartwig-the-exit-interview/",
"title": "I.I.I.’s Robert Hartwig: The exit interview",
"byline": "Phil Gusman",
"kicker": "Market Insights",
"prettyDate": "July 18, 2016",
"timeToRead": "7 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "In the age of mass media and mega insurance events, the industry has had a staunch advocate in I.I.I.s Hartwig. He shares his thoughts with PC360 as he moves on to academia.",
"body": null
},
{
"uri": "/2016/07/07/higher-catastrophe-losses-drive-disappointing-q1-u/",
"title": "Higher catastrophe losses drive disappointing Q1 U.S. P&C results",
"byline": "Phil Gusman",
"kicker": "News",
"prettyDate": "July 07, 2016",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The observed deterioration may be more a result of weather events in the quarter than a sign of where the industry is heading.",
"body": null
},
{
"uri": "/2016/07/05/hurricane-season-is-here-are-pc-insurers-still-pre/",
"title": "Hurricane season is here. Are P&C insurers still prepared for the worst?",
"byline": "Phil Gusman",
"kicker": "Market Insights",
"prettyDate": "July 05, 2016",
"timeToRead": "8 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/phil-gusman/",
"name": "Phil Gusman"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"summary": "After several seasons free of major catastrophes, here a gut-check on whether property and casualty insurers expect a pendulum swing and how they would respond.",
"body": null
}
]
}
}
