Auto Liability Market Trends: Q1 2014

Auto Liability Market Trends: Q1 2014

Primary auto rate increases are averaging +2.7% countrywide, which continues a downward trend from +3.3% last quarter and +3.9% for the previous quarter and +4.4% a year ago. Continue reading →

Umbrella and Excess Liability Market Trends: Q1 2014

Umbrella Liability Market Trends: Q1 2014

Flat renewal and rate reductions were visible again in the umbrella marketplace. The average umbrella rate change was +2.1% compared with +2.8% last quarter and +4.3% a year ago. Continue reading →

General Liability Market Trends: Q1 2014

General Liability Market Trends: Q1 2014

Countrywide average primary general liability rate increases are at +2.5%, down from last quarter’s +3.2% and +4.4% last March. Average rates for national accounts dropped to +1.3% to +1.6% from about +3.0% in December 2013. Average rate increases are down … Continue reading →

Workers’ Compensation Market Trends: Q1 2014

Workers Compensation: Large Account

The average reported rate increase for Workers’ Compensation is approximately +5.0% on a countrywide basis, down about 2.5% compared with the average rate increase of 7.5% from our March 2013 report. Continue reading →

Shanghai – The World’s Largest Insurance Centre 2025?

future Shanghai

Reflecting on the success of our recent captive conference in Shanghai, I cannot help but see parallels in the potential development of captives in China to that seen in U.S. and Europe. Continue reading →

Delaware Court Says Firms Can Add Fee-Shifting Provisions to Their Bylaws. Take That, Unsuccessful Litigants!

payment due (plaintiff)

In a potentially highly important decision for Delaware corporations—public, private and not for profit—the Supreme Court of Delaware recently considered the legality of a fee-shifting provision in a Delaware corporation’s bylaws. The provision would shift attorneys’ fees and costs to … Continue reading →

What Effect Will the Kidnapping Have on Nigeria?

Nigeria kidnapping and growth

The eyes of the world are on Nigeria, as Boko Haram’s kidnapping of nearly 300 schoolgirls unites the world in condemnation—even revulsion. But if that terrorist group thought their crime would derail Nigeria’s progress toward modernization and prosperity, they seriously … Continue reading →

Invesco Final Notice

penalty card

The UK financial services regulator, the Financial Conduct Authority (“FCA”) recently imposed a penalty upon Invesco Asset Management and Invesco Fund Managers of £18.6m for failings in fund management. Continue reading →

Asia Pacific: Why Not Have a Little Variety in Life (Reinsurance)?

flower variety

While some western economies continue to languish in the doldrums with little or no growth in the insurance sector, many economies in the Asia Pacific region continue to offer far more promise for insurers, particularly in the life market. Continue reading →

Chasing Tornado Data: Exploring Three Decades of Violent Storms

Dark Tornado

U.S. tornado season is upon us. Tornadoes can occur all year round, but the most likely period in the U.S. is from early spring through summer. Continue reading →