All Insurance News articles – Page 8
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Online onlyInsurers must adapt to recession claims hikes
Pricing should reflect economic indicators and the link between recession and rises in property crime
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Consumer spending fears grow
Deloitte consumer spending index turns negative for the first time since 1980
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Online onlyCredit crisis worsens in Europe: Coface
Credit insurer downgrades the UK, Ireland and Iceland, and places Italy and France on negative watch
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Online onlyMajor Hayward earthquake could cost $200bn: RMS
And only $30bn of total losses likely to be insured
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Online onlyCPP offers insurers competitive advantage: Chubb
P&C insurers should not be allowed to access the US government funds set aside for the banking bailout, said Chubb in a letter
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Online onlyReinsurance rates will harden in 2009
Due to major losses and more demand for capacity E+R Rück expects rates to rise significantly
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Online onlyUS insurers lose $11.5bn in Q3 catastrophe claims
Payout is the fourth largest Q3 loss since 1998, says ISO’s property claims service
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Online onlyMarket will turn: Munich Re
Increased demand for reinsurance in current financial climate could increase rates by double digit percentages
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Insurers team up to cover cyber risks
Energy mutual AEGIS has teamed up with Hiscox to write cover for data losses and breaches of privacy
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Online onlySoft market despite hurricanes and financial crisis
RIMS survey also points to deteriorating results that may hint at a turn in the market
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Insurers and brokers warn of shrinking market
A majority of industry executives think the commercial insurance market could shrink over the next year
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Online onlyRIMS endorses Dinallo’s stance on contract certainty
Encourages other states to follow New York’s lead
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Albania opens its first insurance brokerage
MAI Insurance Group will offer broker services to the region, including the newly independent Kosovo
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Online onlyFitch cautious on credit insurers as bankruptcies rise
Credit insurers are expected to post lower net income in 2008
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Interviews
XL appoints new underwriting chief
Beatrice Jane Salter becomes chief underwriting officer of professional lines for Europe
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Online onlyPaulson vows to implement rescue measures quickly
President Bush signed the $700bn financial market rescue, Treasury begins work on implementation
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Online onlyIndustry debates renewal of block exemption
Buyers are worried that removing the BER could trigger an increase in premiums
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Online onlyBuyers demand answers to conflicts of interest
Broker remuneration needs more transparency, say buyers at the FERMA Forum
