Personal Lines

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.

Storm damage in the U.S. in May will cost insurers at least $4 billion, says Aon Benfields Impact Forecasting.

Commercial P&C rates increased 5 percent year-over-year in May for the third consecutive month, with property, general liability and workers compensation showing the steepest hikes. Personal lines rate increases accelerated to 4 percent with both homeowners and auto policyholders paying more.

Commercial P&C rates increased 5 percent year-over-year in May for the third consecutive month, with property, general liability and workers compensation showing the steepest hikes. Personal lines rate increases accelerated to 4 percent with both homeowners and auto policyholders paying more.

There is a probability of 96-percent a hurricane of any strength will make landfallwith the usual suspects at the head of the list for landfall, says a team at Colorado State University.

Catastrophe modeler Eqecat says floods in Central Europe are the most damaging since 2002, when insured losses nearly reached US$3.9 billion.