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How do analysts perceive what carriers are doing to help independent agents thrive from a technology perspective? We set out to find the answers while also sharing a how-to success story from Grange Insurance.
First-quarter net income for Bermuda-based Arch Capital Ltd. dropped to $19.3 million from $210.5 million a year ago during the same time due to $178.7 million in catastrophe losses.
As political unrest envelops North Africa and the Middle East, a global-insurance broker says insurers are reviewing their appetites for political coverage—at a time when multinational companies are being encouraged by events to perform their own risk review.
While private U.S. property and casualty insurers’ 2010 net income rose to $34.7 billion from $28.7 billion the year before, the industry’s net losses on underwriting for the year grew $7.4 billion compared to 2009.
Insurance-industry lawyers are calling a global-warming lawsuit based on nuisance laws “the most significant case for the property and casualty insurance industry before the U.S. Supreme Court this term.”
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