Most-read stories for the week include a look at individual annuity considerations in the third quarter and pieces on the future of the reinsurance market.
Insolvent Calif. insurer 'small' but hardly insignificant
The whirlwind demise of a California insurer in the aftermath of a deadly and devastating wildfire offers an important lesson for the property and casualty industry.
Insurance pricing uncertainty persists in wake of California wildfires
The effects of a tightening in retrocession capacity could be felt first by insurers looking for protection from California wildfire risk after a second consecutive year of deadly and damaging blazes.
Homeowners loss ratios improve, premiums increase in Q3
Despite several high-profile catastrophes, the U.S. homeowners insurance industry's loss ratio improved by 14 percentage points in the third quarter compared to the prior-year period.
Reinsurance prices flat for now, but ILS-fueled retrocession crunch looms
Reinsurance prices for business that avoided major catastrophes this year look flat heading into Jan. 1 renewals, but a shortage of retrocession capacity could prompt increases late in the process or at renewal dates later in 2019, market participants predict.
Individual annuity considerations surpass $50B again in Q3
An improved sales environment has helped U.S. life insurance individual annuity considerations grow 11.5% year over year during the first nine months of 2018.