Market News
Best's Journal Reports 14 Property-Casualty Financial Impairments in 2013
The number of 2013 financial impairments in the US property-casualty industry decreased to its lowest level since 2007, according to Best's Journal. What is disconcerting about the Best's Journal report is that "Risk retention groups (RRGs) operating in a variety of fields represented half of the 2013 impairments." Read More
Willis Survey Shows Record Quarterly Commercial Lines Price Increases
Willis Towers Watson says US property-casualty insurance prices experienced the largest quarterly increase in its pricing survey's history during the second quarter. Willis Towers Watson's Commercial Lines Pricing Survey found prices increased almost 10 percent in the second quarter compared to prices during the same period in 2019. Read More