No Catastrophe Expansion “At Any Price”: Axis Capital’s Benchimol Paid Members Public
CEO Albert Benchimol is determined to reduce volatility in earnings from increased catastrophes.
FEMA Details Disaster “Deductible” Plan for States, Insurers See an Opportunity Paid Members Public
The proposal to create “public assistance deductible” for federal disaster aid is moving ahead with an the average state paying $22 million in upfront costs before relief is issued, according to documents released last week by the Federal Emergency Management Agency (FEMA). And with already cash-strapped state’s balking, insurance
More Billion Dollar Catastrophe Losses Are the New Normal Paid Members Public
Weather-related catastrophe events that top the billion dollar insured loss threshold have become more frequent and will pressure insurance and reinsurance executives to adapt as they hit balance sheets multiple times per year. The insurance industry is absorbing an average of eight billion dollar losses per year since 2000, up
U.S. Homeowners ROE Improving But Florida Falls Behind Paid Members Public
The after-tax return-on-equity (ROE) for U.S. homeowners insurance business jumped in 2015 helped by imploding reinsurance prices and catastrophe experience that pushed back loss ratios, according to a study release last week by Aon Benfield. The report reveals that U.S. homeowner insurers’ prospective ROE is 8.6