catastrophe insurance
Bad weather marks start of 2012Posted by RJ and Makay on Jan 17, 2012 |
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2012 is starting out much like last year for severe weather, which is worrisome to the Property Casualty insurance industry after paying out over $100 billion last year for natural disasters. Earthquakes in Japan and New Zealand accounted for more than half of the losses, and catastrophes such as the tornadoes that struck the Southern U.S. last spring were outside the norm.
Property insurance rates rise in 4th quarterPosted by RJ and Makay on Dec 05, 2011 |
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Nearly half of all property insurance renewals in the fourth quarter have been at higher prices, according “Benchmarking Trends—U.S. Property Rates, 4th Quarter” (to date), a Marsh survey report released Friday. The survey indicated that 29% of clients renewed with increases between 1% and 10%, and 11 % experienced renewal price rises of between 11% and 20%. 8% had increases of more than 20%.
P&C industry faces challengesPosted by RJ and Makay on Oct 14, 2011 |
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The ongoing slump in economic indicators along with declining investment income projections will continue to hurt Property and Casualty industry growth at least through 2011 and the beginning of 2012, according to a Conning Research & Consulting report released Wednesday. Forecasts for the remaining of 2011 and 2012 are weaker than previously reported.
Larry Bossidy
