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Insurance Industry Blog
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Latest research and analyssis
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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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Oscar Time
Forget the category for Best Picture. With the Academy Awards just two days away, it’s the riskiest films of the year that insurers are thinking about. And, the awards go to “2012,” “Crazy Heart,” “Inglorious Basterds,” and “Nine,” according to Fireman’s Fund Insurance Company, the leading insurer of major Hollywood films for more than 85 [...]
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Maritime Terrorism Threat
The Singapore navy has warned that a terrorist group may be planning attacks on oil tankers in the Strait of Malacca, one of the world’s busiest shipping lanes, according to CNN and Reuters reports. They cite an advisory issued by the Singapore Navy Information Fusion Centre (IFC) recommending that ships should “strengthen their on-board security [...]
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