FEATURED INDUSTRY NEWS Markets Recent Stories Reinsurance Markets REINSURANCE/ILS WRIN.tv Newswire Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets In this edition of CEO Angles, AAIS CEO Ed Kelly welcomes Guy Carpenter Chairman David Priebe and Reinsurance Association of America (RAA) President Frank Nutter for a discussion on the current state of the insurance and reinsurance markets in the wake of a tumultuous 2020. In a year that has seen many crises, from the COVID-19 pandemic to civil unrest … Read More
Claims Management FEATURED Homeowner/Renter/Auto P&C Recent Stories WRIN.tv Newswire Do quakes in the Pacific foretell the “Big One” for California or Canada? With recent earthquake activity in the Pacific and new reports on major risks of loss in North America, insurers are taking note of an exposure that could have devastating consequences. According to Dr. Robert Muir-Wood, RMS Chief Research Officer, the November 22 earthquake off the coast of Sendai, Japan is probably another aftershock triggered by the Tohoku quake in March … Read More
Companies Homeowner/Renter/Auto INDUSTRY NEWS Hermine losses could hit $500 million…but Florida CAT Fund and Citizens ok Hermine peaked as a Category 1 hurricane, the first to hit Florida since 2005. The storm system then crossed into the Atlantic Ocean leaving a path of destruction, power outages, severe flooding and two fatalities up and down the east coast. As the tropical storm lingered off the New England Coast, large waves continued to cause life-threatening surf and significant beach erosion. Early … Read More
INDUSTRY NEWS Markets Recent Stories III’s Hartwig on his 2015 Outlook on Commercial P&C, Personal Lines, Agents/Brokers, Reinsurance Dr. Robert Hartwig, President of the Insurance Information Institute (III), shares his outlook on key segments of the insurance industry, including the commercial P&C market, personal lines, agents and brokers, and reinsurance. Among the highlights: Economy, jobs, infrastructure investment hitting Commercial P&C market Millennials postponing household formation affecting Personal Lines Insurance agents/brokers still consolidating and attracting next gen Will return … Read More