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Chad Hemenway
New York City could soon be home to the worlds longest aquariumhoused in its subway system.
Chad Hemenway
Standard carriers that looked where they normally wouldnt for premium during the soft market are throwing the risk back into the ring for excess carriers.
Arthur D. Postal
Former regulators and legislators have created a new committee aimed at putting pressure on Washington officials to continue focusing on statutes aimed at reducing systemic risk in financial markets.
Caterina Pontoriero
The insurance industry is expected to see its strongest growth since 2004, according to one industry economistbut he adds that the good news is moderated by consistent large underwriting losses.
Phil Gusman
Opinions still vary as to whether pricing increases are uniform across all lines and whether these increases are enough to declare that a hard market has arrived. But more executives and industry observers appear willing to lean in that direction now compared to comments made after Q4 2011 results were...
Chad Hemenway
Despite all the catastrophes of 2011, the year as a whole was income-statement-drivenan earnings eventrather than a capital-and-surplus event.
William Atkinson
A concern shared by the major insurance-consulting firms clients is the impact recent and ongoing regulatory actions will have on the industry, including the move toward a more international accounting standard; the work that is continuing as a result of Dodd-Frank; and other changes that may be introduced by the...
Arthur D. Postal
Large lobbying expenditures by P&C insurance companies in 2011 predictably focused on catastrophe issues and on pursuing legal reform, according to data released by SNL Financial.
Chad Hemenway
Philadelphia Insurance Cos. believes it can provide better prices than the National Flood Insurance Program (NFIP) for some flood-related property risks.
Mark E. Ruquet
Analysts agree that a drop in P&C reserve releases is inevitable as years of soft-market pricing catch up with loss realitiesand one report questions 2011 releases from recent accident years for longer-tail commercial lines.
Chad Hemenway
MarketScout says the composite rate for commercial insurance placed in the U.S. in May was up 4 percent compared to the same month a year ago.
Christopher Tidball
Auto give-ups, stolen vehicles, arson, padded injuries, inflated medical bills and disability exaggerations are just a few of the scams that play out in the insurance arena daily.
Robert Regis Hyle
I was discussing telematics and other forms of big data with Peter Marotta, enterprise data administrator for Verisk Analytics, at the Insurance Accounting & Systems Associations (IASA) annual conference June 3-6 in San Diego, when he pointed out an unusual position that the insurance industry is in today.
Philip Lieberman
Today, facilitated by the Internet, nearly every business asks for feedback, with one dramatic exception: the insurance agency.
Chad Hemenway
Less than a month into Lance J. Ewings job as a risk manager for Harrahs Entertainment, Hurricane Katrina caused about $1.6 billion in damage to the companys Gulf Coast casinos.
Chad Hemenway
Civil-trial attorney Stacy A. Carpenter, shareholder at Polsinelli Shugharts Denver office, provides some advice for insurance agencieswhich she says are facing an increasing number of lawsuits as they get dragged into policyholder coverage disputes with insurance carriers.
Rick Gilman, APR, CMP
What? Not every agency needs a website? Thats right. Ive come to believe that there might be viable alternatives.
Maureen Boeing, CIC, CISR
Little-known thoroughbred Ill Have Anothersold for a mere $11,000 and entering the race as a 15-to-1 long shotbusted out of a large pack of competitors and flew to victory in the 2012 Kentucky Derby. Two weeks later, the horse blazed to a win at the 137th Preakness, taking the second...
William Atkinson
Deloitte, Ernst & Young, PricewaterhouseCoopers and Towers Watson reveal whats on the minds of clients in 2012 and the actions theyre taking in serving those clients needs.
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