How long can commercial-lines insurers use the low-interest-rate environment as justification for rate hikes? ALIRT Insurance Research says not much longer. The firm also breaks down Q1 results for its composite of U.S. P&C carriers.
The U.S. personal lines insurance industry remains financially sound despite significant catastrophe losses last year from high frequency, low-severity events and Superstorm Sandy, Moody's Investors Service says.
In the face of increasing profitability pressures perpetuated by highly competitive marketplace conditions, personal lines insurers are sharpening their focus on business intelligence, policy administration system replacement, portal functionality, and claims systems replacement, according to a report released by Novarica.
Significant process and technological improvements to the personal lines insurance claims function have been made over the past 15 years, but even more profound changes are likely in the next wave of investment over the next decade, according to a new study by Conning Research & Consulting.
Significant process and technological improvements to the personal lines insurance claims function have been made over the past 15 years, but even more profound changes are likely in the next wave of investment over the next decade, according to a new study by Conning Research & Consulting.
The survey, Industry Index: The IIABNY Report on Carrier Performance Executive Summary, Winter 2008, was conducted by Vincent McCabe, Inc. on behalf of the Independent Insurance Agents and Brokers of
Executives of excess and surplus lines insurers, who are accustomed to the rough rides of turbulent underwriting cycles, say they will do more than hang on as the current soft market moves forward.
Bank of America property-casualty analyst Brian Meredith said the December Consumer Price Index showed a slight but steady increase in auto insurance costs with homeowners' rates continuing their down