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Changing demographics and socio-economic realities in the U.S. mean personal-lines insurers must find ways to cater to growing segments, such as the seniors and hispanics, while also serving other groups whose habits have changed in the wake of the recession.
The odds are in favor of renewal for the Terrorism Risk Insurance Act, but do not expect expansion of the program says William R. Berkley, chairman and CEO of W.R. Berkley Crop.
Solar activity predicted to peak in early 2015 may release powerful geomagnetic energy that can disrupt electric grids, causing widespread blackouts and disrupting markets, says Lloyds of London.
A new survey by Novarica finds capability levels around claims systems and processes vary widely between companies with potential impacts to loss results.
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