Insurance News

Posts Tagged ‘outlook

The credit profile for personal lines of insurance in the United States is stable, despite intense underwriting competition and a weak economy, Moody’s Investors said.

In a report, the New York-based rating agency cites the sector’s core underwriting earnings power, resilience to a weak economy and good risk-adjusted capitalization as reasons for the stable outlook.

The company said it expects core underwriting earnings (excluding Read the rest of this entry »

NEW YORK?Standard & Poor’s Corp. on Monday said it is maintaining its negative outlook on all North American insurance sectors except reinsurance, which it said weathered the financial crisis by minimizing its investment exposures.

The negative outlook that has been on most North American insurance lines, both personal and commercial, since August 2008, is expected to continue during the next six months, New York-based S&P said in its Read the rest of this entry »

Aug. 17 (Bloomberg) — Catastrophe bonds, used by investors to bet against natural disasters, climbed to their highest level this year as hurricane outlooks called for a calmer season.

The Swiss Re Cat Bond Price Return Index advanced 0.3 percent to 90.56 on Aug. 14, the sixth straight weekly gain, as investors bet insurers are less likely to collect on the securities.

Insurers, including Chubb Corp. and Assurant Inc., sell the Read the rest of this entry »

FORT LAUDERDALE, Florida (Reuters) – Colorado State University hurricane forecaster Bill Gray said on Wednesday he may reduce his next Atlantic season forecast because sea temperatures are cooling and a weak El Nino may appear by late summer.

“Things are looking better and better for fewer storms,” Gray told Reuters in an interview at the Florida Governor’s Hurricane Conference in Fort Lauderdale.

“Off the west African coast there’s Read the rest of this entry »

The 2009 hurricane season will see three hurricanes impacting the U.S. coast, compared with four that arrived last year, and a lower total number of named storms, according to an AccuWeather.com early forecast.

Joe Bastardi, AccuWeather chief long-range and hurricane forecaster, also predicted storms may be more likely to form in the Atlantic basin closer to the coast. The possibility of a major hurricane making a U.S. landfall cannot Read the rest of this entry »