COMMERCIAL RISK EMERGING TRENDS FEATURED Homeowner/Renter/Auto P&C Recent Stories WRIN.tv Newswire Climate Change Affecting Insured Losses, but Hard to Quantify – Dr. Klotzbach, Colorado State University. There were significant insured losses from natural disasters in 2019, according to Dr. Phil Klotzbach, a research scientist in the Department of Atmospheric Science at Colorado State University (CSU). While there $45 billion in losses reported, it is difficult to say home much is that was driven by climate change. Still, climate change is affecting occurences of flood, wildfires and … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation P&C Recent Stories WRIN.tv Newswire “Still Opportunities to Get Things Done Despite Dysfunctional US Government” – APCIA CEO David Sampson, president and CEO of the American Property Casualty Insurance Association (APCIA), discusses the current state of the “dysfunctional, hyper partisan” U.S. government, and that there is little on the horizon that suggests polarization will end any time soon. Still, Mr. Sampson points to several successes over the past year, including the reauthorization of TRIA (Terrorism Risk Insurance Act). … Read More
FEATURED ILS & Capital Markets Markets Recent Stories Reinsurance Markets REINSURANCE/ILS WRIN.tv Newswire US Reinsurance Market “Healthy” While Facing New Threats & Opportunities The U.S. reinsurance market is very healthy. That according to Frank Nutter, President of the Reinsurance Association of America (RAA). Mr. Nutter says capital positions have been “strong and growing” thanks, in part to alternative capital vehicles. Market conditions are “very competitive” due to the amount of supply outpacing demand. Catastrophe losses continue to be a challenge, a threat, for … Read More
AMBest-Channel Claims Management COMMERCIAL RISK Corporate Risk Management/ERM Markets P&C Recent Stories WRIN.tv Newswire Mutuals thrive despite $17B in CAT losses – A.M. Best. Kimberly Muccia, a Financial Analyst at A.M. Best Company, comments on the impact of catastrophic losses on the financial strength of insurers. Among the catastrophes affecting the auto and homeowner lines of business in 2018 were hurricanes and wildfires, resulting in about $17 billion for the Mutual Insurance segment alone. Despite the losses, Mutuals posted approximately a 6 percent increase … Read More