Many property and casualty CFOs agree with what large brokers, analysts and industry observers have been saying: alternative capital is holding down reinsurance rates, contributing to a market that is softer than the primary market.
Property and casualty insurers and agents and brokers again enjoyed a strong month of employment gains in January, adding 1,300 and 1,400 jobs respectively, according to an Insurance Information Institute analysis of the latest U.S. Labor Departments Bureau of Labor Statistics figures.
Property and casualty insurers and agents and brokers again enjoyed a strong month of employment gains in January, adding 1,300 and 1,400 jobs respectively, according to an Insurance Information Institute analysis of the latest U.S. Labor Departments Bureau of Labor Statistics figures.
When a global, publicly traded insurer makes an acquisition, its share price generally outperforms the insurance-industry average in the short term. But more important to long-term success is what happens in the years after the deal is made.
Google continues to ambitiously expand its capabilities in and beyond the digital and mobile spectrum, creating an environment that presents new opportunities and challenges for insurers, according to a Strategy Meets Action research brief.
Workers compensation and commercial auto risks saw the steepest rate increases in January at +4% compared to the same month in 2013but the commercial-lines market overall continued its moderating trend, according to MarketScout.
The National Corvette Museum's insurance agent says there are no coverage concerns regarding the sinkhole that claimed eight classic vehicles in February.
While the Affordable Care Act may put further stress on a healthcare system already short on doctors, potentially causing costly delays for injured workers, the healthcare industry's renewed focus on better patient outcomes as opposed to volume could drive costs down.
While the Affordable Care Act may put further stress on a healthcare system already short on doctors, potentially causing costly delays for injured workers, the healthcare industry's renewed focus on better patient outcomes as opposed to volume could drive costs down.
M&A activity in the insurance industry was lower than expected in 2013, but Deloitte expects that to change in 2014. See the top issues that will impact insurers looking to buy and sell this year.