Assured Research President Quoted in Barron's (June, 2020)
Assured Research's work examining Progressive 1Q reported loss ratios over the past 20 years was cited in a Barron's report entitled: Auto Insurer Progressive's Shares Could See Smoother Road Ahead (June 12, Al Root). We don't offer advice on stocks, but observed that the company's 1Q20 reported, statutory loss ratio was historically low. Contact Us for more.
Assured Research Releases Annual Atlantic Hurricane Study (June, 2020)
In early June we released our seventh annual, 100-year study of Atlantic Hurricanes. It's forecasted to be an active year, but did you know that the number of landfalling hurricanes in the Atlantic and GOM states is on a secular decline? Climate change is real, but hurricanes are not (yet) intensifying; most insured damage is being caused by economic development in harm's way. These observations and more in our report.
Assured Research on Workers' Comp and Essential Services (April, 2020)
In an April Assured Comment we shared our view that essential service employees who contract COVID-19 during their states's lockdown period should enjoy the rebuttable presumption claim standard. Several states have already taken steps in this direction and we think momentum will build. Contact us to learn more and to read our analysis as well as our cost estimate.
Assured Comment on Business Interruption and COVID-19 (April, 2020)
In an Assured Comment we offer perspective on legislative and legal efforts to void virus exclusions and force P/C insurers to pay for business interruption claims (where such exclusions were in place). Among other points in this freely available note, we point out that looming catastrophe season(s) operate independently of this pandemic. Legislators had better leave surplus in tact for those claims. Read our Assured Comment.
P/C Industry Loss Reserves Turn Deficient says Assured Research (March, 2020)
For the first time in years, the P/C industry's loss reserves appear to be deficient across the 17 lines and ten accident years studied by Assured Research. The work, released in an Assured Industry Study on March 17th, pointed to a nearly $5 bil. deficiency, down from an $11 bil. redundancy the prior year-end. Liability lines are the main source of the deficiency as the Assured Research work points to rising loss ratios amidst concerns over social inflation and nuclear verdicts. The industry loss ratios? Flat...more in our Industry Study. Interested parties can contact us for a trial subscription. And our press release on the topic was in Carrier Management - read here.