U.S. P/C insurers cumulatively paid $408 billion in catastroph- related claims to their auto, homeowners and business policyholders between 1990 and 2011, yet the overwhelming majority remain well-capitalized in 2012, according to Dr. Robert Hartwig, CPCU, an economist and president …
Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in northern Europe. Sound familiar? This year is starting a lot like last year in terms of unexpectedly severe weather, to the consternation of the insurance industry, …
Leaders of the property/casualty insurance industry believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey conducted by the Insurance Information Institute (I.I.I.) …