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January 4, 2010

Cover Story

P&C Industry Braces For Difficult Decade

We made it! This exceedingly volatile, outrageously expensive and mercilessly cruel first decade of the new millennium careened to a chaotic close and somehow the property and casualty insurance industry crossed the finish line more or less intact....

Opinion

Top-10 Stories Of 2010!

Reform Initiatives Will Make 2010 Challenging For Insurers

News

P&C Insurers See Dramatic Turnaround In Net Income, But Warning Signs Abound

The property and casualty insurance industry’s consolidated net income through the first three quarters of 2009 improved dramatically, although association leaders warn there remain plenty of reasons for concern. ...

Progress Reported On Fin’l Services Reform

While battles over health care reform got most of the headlines here this month, Congress tackled a host of other issues of keen interest to property and casualty insurers and producers....

Insurers, Producers Focus On Washington As Key To Their Regulatory Future In 2010

Shaping health care and financial services regulatory reform legislation to the interests of their members will keep property and casualty insurance lobbyists busy throughout 2010....

Woods’ Woes Help Market New Coverage

The revelations surrounding Tiger Woods’ infidelities have helped one broker promote a new coverage aimed at organizations that built their branding campaigns around a celebrity whose reputation becomes tainted....

Claims Satisfaction High, Though Auto Tops Homeowners

Auto insurance customers are typically more satisfied with their claims experience than are homeowner policyholders—although personal lines carriers in general rank higher on service than do players in other industries....

Market Report

Big Shakeups, Consolidation For Insurers Seen Due To Tougher Regulatory Climate

The insurance industry will undergo increasing consolidation as part of the fallout from government intervention and potential tax law changes following the financial crisis, a top consulting firm predicts....

Analysts Don’t Expect Quick Turnaround In 2010 Property-Casualty Premium Rates

The property and casualty insurance industry is expected to see an underwriting loss for 2009, with no let-up in the soft market through 2010--barring a substantial market shift, Fitch Ratings predicts....

KBW Expects P&C Stock To Remain Flat For 2010

Disappointing returns on equity in the coming year may lead the property and casualty insurance industry to a quicker return to stiffer pricing, according to Keefe, Bruyette & Woods analysts....

Slim Pickings For Services Industry Risks

The hardening market predicted to arrive by the end of 2009 failed to materialize for insurers writing services industry risks as competition remains fierce, forcing carriers to cut the prices on their coverage menus....