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Insurance Industry Blog
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Latest research and analyssis
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Bellwether Drywall Trial Gets Underway
A New Orleans federal courtroom will begin hearing an early test case in the Chinese-manufactured drywall products liability litigation today. In the case – Hernandez v. Knauf Gips KG – a New Orleans family contends that Knauf Plasterboard Tianjin Co. Ltd. produced drywall in their home that was “unsafe, defective and inherently dangerous.” The test trial [...]
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Prepare for Earthquakes
California residents are the weakest link in earthquake preparedness and more than 60 percent have not done enough to make their homes safer and guard their personal finances, according to a newly released study. The California Earthquake Preparedness Survey conducted by the University of California Los Angeles School of Public Health for the state Emergency [...]
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Tornado Watch
It looks as if spring will bring increased tornado and severe storm activity for property/casualty insurers due to the wet El Niño winter, at least that’s what the weather experts believe. Greg Forbes, severe weather expert at The Weather Channel is quoted in USA Today saying that comparable past winters suggest there could be an [...]
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Soft Market Continues With One Exception
Online insurance exchange MarketScout says coastal property rates in select geographic locations are firming, bucking the trend of ongoing rate reductions in the property/casualty market. The comments came as MarketScout reported the average property/casualty rate decrease was 5 percent in February, compared to 8 percent a year ago. “While property rates were down 5 percent [...]
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Airline Insurance Market: Slow Ascent
Hull and liability premium prices in the airline insurance market are likely to continue to rise in 2010, but the rate of increase could slow as a result of the high level of capacity that is still available, according to Aon’s Airline Insurance Market Outlook 2010. Aon says there are a number of reasons why [...]
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