Insurance News

Posts Tagged ‘despite

Property-and-casualty insurance companies are seeing leaner profits because of recently high catastrophe losses, but they continue to have solid capital positions, Moody’s Investors Service said Monday.

Moody’s said second-quarter profits for publicly traded P&C insurers were generally lower than a year ago because of losses from hailstorms, tornadoes and flooding in the Midwest and South.

Profit margins from insurance underwriting Read the rest of this entry »

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CHICAGO (Dow Jones)–Insurance industry executives expect weak pricing and demand to restrain growth in underwriting profits in the next three years.

Still, many of the executives, who were surveyed at a KPMG insurance conference in New York Tuesday, expect their companies to be able to raise capital, particularly equity, in the next 18 months.

The survey of 271 insurance industry executives found 22% would choose an equity issue Read the rest of this entry »

WASHINGTON (AFP) — The vast majority of US mobile phone users know that making calls, texting and using other features while driving is dangerous, but admit doing so anyway, a poll showed Tuesday.

Seventy-two percent of people who drive and own a cellular phone admitted that they use their mobile while driving, even though more than eight in 10 said they thought that doing so was dangerous, the Harris Interactive survey of 2,681 adults Read the rest of this entry »

Three-quarters of U.S. consumers prefer buying insurance products through agents and other trusted sources, but younger and higher-income consumers are more inclined to purchase products via the Web than through an agent and are more inclined to switch insurers, according to findings of a survey of more than 1,000 U.S. consumers conducted by Burmuda-based Accenture.

Accenture commissioned a survey of 1,005 citizens at least 18 years of Read the rest of this entry »