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Challenged by a volatile underwriting cycle, a shaky economy and the uncertain impact of new regulations, U.S. property and casualty insurers must respond by investing in core systems, understanding changing consumer habits and using business analytics to address difficult top-line growth conditions, according to Ernst & Young.
The Independent Insurance Agents and Brokers of America is trying to enlist the Treasury Department to support targeted legislation that would create true agent licensing reciprocity.
The Independent Insurance Agents and Brokers of America is trying to enlist the Treasury Department to support targeted legislation that would create true agent licensing reciprocity.
The global reinsurance industry seems poised for a turn, as multiple factors are increasing the demand for reinsurance, but the short memory of the insurance industry could cause soft-market pricing to return in a hurry as the sting of recent losses fades, according to A.M. Best.
The personal-lines insurance market is expected to do better than commercial lines, as price increases are anticipated to be tougher to achieve for commercial-lines carriers in 2012, says A.M. Best.
Allstate says it will not cut agents base commissions as deeply as it originally announced, but the head of an agents group says the rank-and-file is still not pleased with the companys move.
The Protection and Indemnity (P&I) market, a broad type of Marine Legal-Liability coverage, delivered a blockbuster financial performance last yearbut predicted poor investment returns and increased claims will spell premium increases for 2012.
Allstate has introduced a program called Claim Satisfaction Guarantee, which promises customers that they will be satisfied with their auto claim service or get a credit to their auto policy.
As enterprise risk manager for the San Francisco Public Utilities Commission (SFPUC), Deborah Luthis day starts with a 5:45 train to San Francisco, where the organization is involved in several billion-dollar projects.
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