FT’s Lex Column: Hard Insurance Market Nowhere in Sight
The Financial Times Lex Column reports that the combined ratio of American reinsurers through the first three quarters of 2009 averaged about 94 percent. The combined ratio is the sum of the claims ratio and the loss ratio and essentially ...
El Nino Delivers Quiet Hurricane Season — Implications for 2010
After several years of above normal hurricane activity in the Atlantic-Caribbean basin, it appears that the El Nino weather pattern has delivered a very quiet season -- so far. Reuters reports that the Atlantic hurricane season has been the quietest ...
Early Hurricane Forecasts Often Unreliable
With the hurricane season officially starting on June 1, residents of the Gulf and Atlantic Coasts are no doubt listening carefully to the many forecasts that are being made regarding the number of "named storms" that are likely to occur ...
Berkshire’s Insurance Subsidiaries Buck Property/Casualty Headwinds in 2008
The Property Casualty Insurers Association of America (PCI) reported full year 2008 results for the industry yesterday and it was not a pretty picture. While PCI reported that insurers remain well capitalized when one considers levels of statutory net worth, ...
Climate Change Impacts Insurers
The National Association of Insurance Commissioners voted to require insurance companies to disclose the impact of climate change on their businesses. This action taken on March 17 will compel insurance companies to fully disclose the impact of forecasted climate change ...