Market News
Sharp Cyber-Attack Increase Seen in Volume, Sophistication, and Variety
Fortinet®, a cyber-security solutions provider, has announced the findings of its latest "Global Threat Landscape Report." The research reveals that attacks per firm have increased over the previous quarter. In addition, automated and sophisticated swarm attacks are accelerating, making it increasingly difficult for organizations to protect users, applications, and devices. Read More
Abundant Capital Restrains Market Firming Amid Property Rate Hikes
According to the latest Willis Towers Watson "Property Market Update," commercial property insurers are seeking double-digit rate hikes on catastrophe-exposed insurance programs following 2017's record natural catastrophe-related losses. Nonetheless, abundant risk transfer capacity in the form of traditional and alternative capital is dampening the potential for widespread market firming. Read More
USI Report: Unclear How Long Increased Property Pricing Will Persist
In its latest market report, "2018 USI Insurance Market Outlook," USI provides perspectives on the importance of last year's natural disasters and other market pressures. The report gives viewpoints on multiple factors, including market capacity, costs of coverage, and how the increased use of underwriting data analytics impacts insureds. Read More
NAIC Roundup: Looking Back, Looking Ahead
Look back at the changes the National Association of Insurance Commissioners (NAIC) implemented in 2017, courtesy of Johnson Lambert LLP, and then look forward, based on the NAIC's recently released strategic plan. Read More
Demotech Releases Third Quarter 2017 Financial Analysis of RRGs
Demotech's third-quarter Analysis of Risk Retention Groups reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that Risk Retention Group (RRG) "have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses." Read More