E&S/Specialty

A return to normalized levels of both catastrophes and loss-cost inflation could cause problems for the industry in 2014 when combined with rate deceleration/decreases, KBW says.

On January 17, 1994, the Northridge Earthquake, a Magnitude 6.7 temblor, occurred 20 miles northwest of downtown Los Angeles. It's been a mixed bag since then with respect to preparedness for another major quake.

On January 17, 1994, the Northridge Earthquake, a Magnitude 6.7 temblor, occurred 20 miles northwest of downtown Los Angeles. It's been a mixed bag since then with respect to preparedness for another major quake.

The NRRA appears to be largely functioning as intended: simplifying compliance for multistate risks while not altering rates or risk appetite. But industry associations tell the GAO that some states are making eligibility requreiments beyond those called for in the law.

The NRRA appears to be largely functioning as intended: simplifying compliance for multistate risks while not altering rates or risk appetite. But industry associations tell the GAO that some states are making eligibility requreiments beyond those called for in the law.

Japanese crude buyers are set to switch back to private insurance providers for transportation of Iranian oil, after relief from some EU sanctions goes into effect next week, industry and government sources said.