Personal Lines

Fitch Ratings does not believe the introduction of a new regulatory regime such as Solvency II should change an insurers creditworthiness, but its effects on the competition, capital and management behavior could result in credit implications.

A day after a Chartis executive questioned whether micro cycles might replace traditional market turns, analyst firm ALIRT Insurance Research weighed in on the question of whether the traditional cycle might be a thing of the past.

The largest of Texas 2011 wildfires, the Bastrop fire, is now expected to cause $325 million in insured losses, up from previous estimates of $250 million, according to the Insurance Council of Texas.

A long-discussed technology program, aimed at attacking the competitive edge direct writers hold over independent agents in personal lines, is becoming a reality with the launch of the Consumer Agent Portal.

The Senate last night unanimously passed legislation extending the National Flood Insurance Program until May 31, 2012.

The Senate last night unanimously passed legislation extending the National Flood Insurance Program until May 31, 2012.

Insurers could be looking at losses of between $5 billion and $50 billion if even a moderate series of earthquakes was to occur adjacent to major urban areas in the New Madrid region, according to a Risk Management Solutions analysis.

Insurers could be looking at losses of between $5 billion and $50 billion if even a moderate series of earthquakes was to occur adjacent to major urban areas in the New Madrid region, according to a Risk Management Solutions analysis.