Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.
Bryant Rousseau
Fewif anyindustries would seem to face a greater existential threat from the effects of climate change than insurance. As flood waters rise, as hurricanes and tornadoes grow more intense and as droughts last longer, trillions of dollars of insured assets are at risk. In the ugliest scenario imaginable, even the...
Mark E. Ruquet
The order by New Jerseys governor standardizing the rebuilding codes along the states coast in the wake of Superstorm Sandy will help speed the process of rebuilding, but agents say property owners are just beginning to discover the implications this decision will have on their reconstruction plans.
Mark E. Ruquet
Casualty rates climbed through the fourth quarter of 2012 and are positioned to continue their ascent in 2013, according to a recent report from Marsh.
Bryant Rousseau
One climate-change related threat insurers say is worth watchingand losing some sleep about: Class-action suits against carbon-based energy companies, accusing them of causing global warming and therefore being liable for the resulting damages.
Anya Khalamayzer
One U.S. company that has successfully utilized onshore captives is fitness-trainer CrossFit, which boasts a network of approximately 3,000 affiliated gyms in the U.S.more than 1,500 of which are involved in the companys voluntary risk-retention group, CrossFit RRG.
Mark E. Ruquet
While commercial-insurance rates are on the rise, other factors could negatively affect fourth-quarter earnings for specialty and Bermuda insurers, according to a recent Stifel Nicolaus report.
Shawn Moynihan
While some insurers that dont operate on a national scale dislike the regional tag being applied to them, Terry Cavanaugh embraces it.
Julie Rochman
As 2013 begins, residents in the Northeast whose homes, businesses and communities were torn asunder by Superstorm Sandy are on the long road to recovery. From the federal government on down to neighborhood organizations, discussions are being had over howor whetherto repair and rebuild.
Bryant Rousseau
California is one of the three states, along with New York and Washington, that has initiated the joint administration of a survey asking all insurance companies writing more than $300 million in direct written premium to discuss the steps they are taking to address climate change.
Caterina Pontoriero
Even the typical acquisition deal for a mid-size insurance agency or brokerage has many moving parts and needs to incorporate a number of financing options to get done.
Shawn Moynihan
In a Professional Liability market characterized overall by most brokers and insurance executives as full of capacity and relatively stable rate-wise (even if once-high Excess limits are harder to get now than they used to be), recent discussions of this line include talk of hardening in the Architects & Engineers...
Mark E. Ruquet
A survey of Fortune 500 risk managers finds that most are willing to accept minor rate increases without making dramatic changes to their programs, according to an online survey released by Hanover Stone Partners LLC, a risk-management consultancy.
Among the common themes that arose in PC360-NUs interviews with C-suite leaders: Growth will be a major challenge, but opportunities for expansion exist in Latin America and Cyber.
Anya Khalamayzer
Traditionally dominated by tropical offshore domiciles such as Bermuda and the Cayman Islands, the captives industry in recent years has been shifting its focus to U.S. shoresa trend that is expected to continue and perhaps accelerate in 2013 as more companies recognize some of the distinct advantages of domiciling domestically.
Anya Khalamayzer
The worlds leading domicile for captive insurers will not apply Solvency II requirements to the captive businesses domiciled there, the Bermuda Monetary Authority (BMA) announced.
Christina Bramlet
As repairable and total-loss auto claims are being paid faster, policyholders and claimants report being a little happier about the entire claims process.
Wade Bontrager
Imagine being able to take the lead in the battle to retain your best customers by predicting the future; and imagine working with your carriers to price risks more accurately. For carriers and independent agents participating in a future-focused relationship in which they share data and use modern predictive analytics...
Bryant Rousseau
When it comes time for an agency founder to sell, agency aggregators often put the highest dollar figures on the table. But many owners believe its a whole lot better for their legacy to perpetuate the agency with the people who have grown it and have the [client and carrier]...
Bryant Rousseau
Looking to restructure some debt stemming from acquisitions and to fund the buyout of its majority owner, Tex-Cap Concord Insurance Servicesa Dallas-based insurance agency that places commercial, personal and employee-benefits businesstapped Oak Street Funding for a multimillion-dollar loan.
Phil Gusman
For an insurance agency, executing an internal perpetuation plan can be tricky enough. But when unfortunate circumstances force the plan to be completed on an accelerated timeline, the challenges mount.
Arthur D. Postal
Federal regulators are tightening the rules governing the small but highly profitable force-placed Homeowners insurance market.
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