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Property & casualty insurers could see a drop in the value of their fixed-income securities investments if interest rates climb as expected, according to Moodys Investors Service.
As businesses develop globally, risks multiply exponentiallyand in response, ACE USA has published the Global Catastrophe Guide: New Challenges to Casualty Risk Management, which outlines the enormous perils faced by risk managers within the U.S. and beyond its borders.
Co-operative Insurance Cos. became the 66th company member of the Trusted Choice consumer-branding program for independent insurance agents and brokers.
Rates are rising, multiple studies agreeeven global-property rates in non-catastrophe-exposed areas. But at least one firm, ALIRT Insurance Research, maintains the industry has not yet reached its tipping point for a hard-market turn.
Global-reinsurer capital declined 3 percent in 2011 over the previous year as first-quarter catastrophes and reduction in capacity from government programs took a big chunk out of the total, says reinsurance broker Aon Benfield.
The Government Accountability Office said today in a new report that the government should consider capping crop-insurance-premium subsidies for individual farmers or reducing subsidies for all farmers, or both.
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