Private U.S. property/casualty insurers overall profitability grew from 8.4% to 10.8%. Net income rose from $13.9 billion in the first quarter of 2014 to $18.2 billion in the first quarter of 2015.
As the Federal Aviation Administration (FAA) continues to take steps to ease restrictions on commercial drone use, State Farm, Erie, Travelers and Amazon have become the most recent household names permitted to test unmanned aerial vehicles (UAV) or unmanned aircraft systems (UAS).
As the flood waters recede, Texas and Oklahoma businesses and residents are beginning to put their lives back together. Here are some tips on what steps to take if you have flooding damage.
However, the industry's profitability, premium growth and underwriting ratios all preformed better than the long-term historical average, and policyholders' surplus reached record levels.
Exclusively from National Underwriter and PC360, Lloyd's execs discuss the state of the E&S industry, the emerging risks and markets Lloyd's is targeting, their plans to recruit the next generation and more.