Category: National News

What’s Ahead for Reinsurance Industry in 2018: Fitch

Jun 28, 2018

The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits from Mother Nature and broadly maintain financial strength. Favorable …

Insurance trade associations AIA, PCI explore merger

Jun 25, 2018

The American Insurance Association and the Property Casualty Insurers Association of America are in talks to merge their organizations into one trade association. The boards of the Washington-based AIA and Chicago-based PCI “believe there is great benefit in a more …

Insurers Win As Fed Hikes Interest Rates Again

Jun 15, 2018

The Federal Reserve hikes interest rates by a quarter-point and signals two additional hikes this year and three in 2019. Winner: The insurance industry. After many years of a near-zero Federal Funds Rate, the lid is off and insurers will …

Commercial insurance prices rise slightly in first quarter

Jun 13, 2018

U.S. commercial insurance prices increased modestly in the first quarter, according to a Willis Towers Watson P.L.C. report released on Monday. The broker’s Commercial Lines Insurance Pricing Survey compared prices charged on policies written during the first quarter of 2018 …