Monthly Archives: November 2011

In another indicator foreshadowing invevitable insurance premium increases, Moodys Investors Service reports that 2011 third quarter net income for its rated companies is down 70% from 2010 Moody’s report comes shortly after a Fitch Ratings report noting that a group of 47 insurers and reinsurers it tracks reported a net profit of $9.7 billion during […]

This article will give you great insight into where insurance premiums are headed in 2012……nowhere but UP! The first-half results for property and casualty insurers are in and the results are not very pretty, as the industry reported more than a 71 percent drop in net income. In a report issued by the Jersey City, […]

Large catastrophe losses and the prospect of poor investment returns are paving the way for much tougher market conditions for commercial property insurance buyers, according to a new report The new report — the Lockton Market Update — provides a snapshot of market conditions in key commercial insurance markets including commercial property and property catastrophe […]

American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have been offering similar observations in this earnings season. “In U.S. commercials lines, we are seeing a rate increase overall of 4.1 percent on renewed businesses, with rate increases led by over 8 percent […]

Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a wellness program and voluntary screenings. It also gave workers a mandate: quit smoking, curb obesity, or you’ll be paying higher healthcare costs in 2013. It doesn’t yet know by how much, but one […]

The importance of Business Interruption Insurance or Loss of Business Income cannot be understated. Please read the article below. Make sure to review your policy for this necessary coverage. Insurers, Policyholders Clash Over Business Interruption Claims By Young Ha | November 7, 2011 Email ThisPrintNewsletters. inShare.37..Your Name: Your Email: To: Separate emails using a comma.Message: […]

The percentage of Americans who have health insurance through their employer slipped to a new low of 44.5 percent in the third quarter, a drop of over 5 percentage points in three years, according to a poll released Friday. Pollsters at Gallup and Healthways Inc., who surveyed more than 90,000 U.S. adults, blamed the decline […]

The Supreme Court agreed Monday to decide the fate of President Barack Obama’s healthcare law, with an election-year ruling due by July on the U.S. healthcare system’s biggest overhaul in nearly 50 years. The decision had been widely expected since late September, when the Obama administration asked the nation’s highest court to uphold the centerpiece […]

A survey of small businesses finds these entrepreneurs have more trust in independent agents and their commercial insurance carriers than any other financial services business. The survey, sponsored by The Hanover Insurance Group, says that trust is “the single most important consideration when choosing an insurance provider.” To that point, 86 percent of small business […]

Third-quarter reserve releases declined nearly 19 percent over the same period last year, which could put greater pressure on carriers to increase rates, according to an analysis from Stifel Nicolaus. In its report, the financial services firm says it reviewed 55 publicly-traded insurance companies and found net releases for the third quarter of this year […]