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Although private flood insurance has grown in recent years, it remains less than 1% of direct premiums written, Fitch Ratings reported.
Florida politicians have referred to Demotech as a 'rogue agency.' Review how the rating agency works and why it has so much sway in Florida.
With a very favorable market outlook, why has the ILS market not fully embraced non-catastrophe property lines?
Despite high losses from natural catastrophes and the pandemic, global reinsurer profits improved, Fitch Ratings analysts report.
A report from Fitch Ratings explores the struggles facing auto insurance underwriting as the U.S. bounces back from the pandemic.
Unforeseen risks are calling for a recalibration of how insurers assess, manage and ultimately prevent risk.
Inland marine is one of the most dynamic insurance markets around, so don't expect it to cower at today's economic risks and challenges.
The reinsurance market was already struggling at the start of 2020 from such pressures as social inflation and wildfire exposures. Then, along came COVID-19.
Experts say these loss projections exceed many individual company catastrophe budgets and further pressure full-year 2020 earnings.
Businesses in all markets have worked in a volatile political risk landscape in 2020, and these threats are not going away soon.
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