Recent news that U.S. commercial property and casualty rates fell 4 percent in May is a “significant credit negative” for the sector, according to Moody’s, and the issue will likely continue to plague casualty lines through the medium term.
Mobile technology was decidedly the number one topic of conversation at the ACORD LOMA conference last month with social media a close second. Much like the Triple Crown horse races, it’s hard to sweep the field and at last week’s IASA conference social media was a clear winner in the...
Despite market conditions that should be edging pricing up, the U.S. property and casualty market still remains soft with composite rates in May running at minus-4 percent, according to online insurance-exchange MarketScout.
On June 2, the Florida Commission on Hurricane Loss Projection Methodologies approved a new hurricane model from Risk Management Solutions. In an article written in March, just after the February model-release, Chief Research Officer Robert Muir-Wood offers a closer look at the model and the science behind it
At the Bermuda Captive Conference in Southampton, Bermuda last week, conference keynoter Robert H. Benmosche, president and CEO of AIG, sat down for an exclusive interview with NU to discuss public perception of his company and if he would change anything about the past.
Allstate unveiled plans to revamp its distribution channels and its business strategy to grow its property and casualty business, but the executive director of the company’s agents’ association has criticized the plans.
Last week, I had the opportunity to spend a day in Joplin, Mo., with members of the State Farm team—witnessing the company’s concerted response to the devastating tornado that ripped through the city, leaving more than 140 dead and 1,000 injured (see my Reporter’s Notebook on page 6).