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BestWeek - March 1, 2021 Edition
A desire by underwriters to shed noncore business as they adapt to rapid market changes, along with increased confidence in the tools of the trade, are driving a momentum for new deals for the property/casualty runoff market.
March 01, 2021 - 29 Pages       
BestWeek - February 22, 20221 Edition
As the commercial market for certain types of insurance hardens, businesses have been turning toward captive insurance facilities — and in particular, cell captives.
February 22, 2021 - 24 Pages       
BestWeek - February 15, 2021 Edition
A deadly global pandemic along with record catastrophe losses and doggedly low interest rates have all combined into a “perfect storm” that firmed up the municipal insurance market, ending years of soft pricing, insufficient rates and inadequate underwriting, market observers said.
February 15, 2021 - 24 Pages       
BestWeek - February 8, 2021 Edition
Amid the economic devastation caused by the COVID-19 business closures in 2020, the catastrophe bond market stood out for having a record year of issuance.
February 08, 2021 - 24 Pages       
BestWeek - February 1, 2021 Edition
An already stressed directors and officers line is facing even more challenges as the Black Lives Matter movement that gained steam in the summer of 2020 spurs a spate of diversity lawsuits. Costly shareholder derivative lawsuits charging boards of directors with failing to diversify have been filed against major companies and could become a megatrend, observers say.
February 01, 2021 - 26 Pages       
BestWeek - January 25, 2021 Edition
Insurance carriers are winning the majority of the first wave of litigation over business interruption losses caused by COVID-19 or government shutdown orders, with judges largely favoring insurers at the federal district court or state court level.
January 25, 2021 - 27 Pages       
BestWeek - January 18, 2021 Edition
Earthquake loss is a potential catastrophe known to just about everyone living in exposed regions, yet governments and insurers remain frustrated by the limited number of property owners who obtain earthquake insurance. And for those who do get insurance, lapses in coverage can be frequent.
January 18, 2021 - 25 Pages       
BestWeek - January 11, 2021 Edition
If there were a movie about the level of losses COVID-19 is inflicting on television and film production insurers, it would be an epic drama. Pandemic and communicable disease exclusions were notably absent in policies crafted to protect policyholders from the myriad factors that can interrupt a project.
January 11, 2021 - 24 Pages       
BestWeek - January 4, 2021 Edition
Acquisitions and divestitures played a key role in changes to AM Best’s annual rankings of the world’s top 25 insurers as divestitures led to the biggest ranking change by non-banking assets and acquisitions played a role in the ranking by net premiums written.
January 04, 2021 - 24 Pages       
BestWeek - December 21 & 28, 2020 Edition
Insurance carriers can expect higher levels of federal prudential supervision from the incoming Joe Biden administration, but should not dread a sweeping return to the post-financial crisis level of regulation the industry experienced under President Barack Obama, market observers said.
December 21, 2020 - 23 Pages