Market Insights

Insurers and reinsurers who believe that the current system of reinsurance arbitration represents a more efficient way of resolving reinsurance claims find themselves at a disadvantage because of nequities and ambiguities in the U.S. system.

Many fire loss experts have relied on pyrolysis in finding that wood can be ignited by long-term exposure to temperatures below the normal ignition temperature of the material.

Within two weeks after Hurricane Katrina, Louisiana Insurance Commissioner Jay Robert Wooley was quoted as saying that with post-hurricane insurance claims, "Lawyers are going to have a ball; it's got more legal questions than you can imagine."

Insurance is often referred to as a "people business."

Experience, trend, and benefits: 9.8%Trend: 0.8%Benefits: 0.1%Loss Adjustment Expenses: 0.0%Production and General: 0.4%Taxes and Assessments: 0.0%Profit and Contingencies: 0.0%Overall Premium Level Change: 11.0%Offset for Premium ...

August is considered a slow month in many industries. This wasn't the case, however, in insurance technology. Within a mere seven days, for example, news releases arrived regarding three substantial