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Motor Truck Cargo Insurance ---Expect Increases

April 15, 2011

Analysis of:No article.Gerris Willis report at 5pm on Fox on theft of tomatoes. | foxbusiness.com

Commodities are and have increased dramatically over the last year.. Since many of these items are transported by truck, expect increased theftCargo insurers will respond accordingly, restricting the market or increasing premiums.Neither scenario bodes well.

Are you Talking to the Wrong Underwriter?

April 29, 2008

Analysis of:Insurers Overly Focused On Cat Models, Says Expert | www.propertyandcasualtyinsurancenews.com

Insurers' actuarial studies include consideration for catastrophes(cats) in their recommendation of rates and underwriting but they are not the sole factor. The underwriter is the ultimate decision maker. What happened is that insurers took too much risk in hurricane areas. They finally woke up and saw what they had lost. Reinsurance has much to do with the risk that is accepted by primary insurers. Because many coastal properties are laid off  to reinsurance, the reinsurers  complained  when losses started to come in and asked the primary companies to cut back

Commercial Insurance Price Decline Will Continue

March 12, 2008

Analysis of:Insurance Price Declines Continue Slowing | www.propertyandcasualtyinsurancenews.com

No major catastrophes. Reinsurance market is strong. Insurers bolstered by personal Lines market profits. That capacity is being used for competing in the Commercial market. Most of the competition will be in property insurance which has a shorter claims tail.

Stop Building.....Now!

October 11, 2007

Analysis of:Insurers threaten to stop flood protection | uk.reuters.com

If restrictions are not applied to building in flood prone zones, there will be continual loss of property and life. Insurers cannot absorb the burden of local government zoning that allows scenic building without the cost of insurance going up. The result of loose zoning without the requisite cost of insurance will burden tapayers.  Florida is a good example where the state government has refused to allow insurers to raise prices.

Vindication For New York Insurance Brokers

October 4, 2007

Analysis of:N.Y. Giving Big Brokers Green Light To Accept Service Fees From Insurers | www.propertyandcasualtyinsurancenews.com

New agreement will enhance revenue for brokers. NY agreement will be model for other states. Applicability will go beyond brokers and  affect all agents and possibly even direct agents such as Nationwide, Allstate etal. Insurers may object to service based fees.

Chaos in Florida Auto Insurance Market

June 26, 2007

Analysis of:Will auto insurance become optional? | www.miamiherald.com

Litigation would increase without insurance requirements. Law suits from injured parties would cause a breakdown in the judicial system and cause financial strain on insurance companies. Revenue would decrease but risk would stay or increase. See comments below. Insurance companies affected would be both Personal and Commercial auto insurers.

Bemuda Reinsurance Market Will Continue Strong--Long Term

June 14, 2007

Analysis of:GR Survey: Florida’s impact on Bermuda | www.globalreinsurance.com

Higher Capacity in the private market to withstand catastrophe. Public market still needs funding which mean burdens on the Fla taxpayer in the long run.

Bubba is lost at Wal Mart.

June 12, 2007

Analysis of:Wal-Mart, ShareBuilder Set Deal to Offer Investing Services | online.wsj.com

Investing is not part of Wal Mart focus. Forget about it!

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