The Week in a Minute: May 27

  • Guy Carpenter summarizes the above-average hurricane forecasts in this chart:

CSU is Colorado State University (the most famous forecasters). NOAA is the National Oceanic and Aviation Administration (the feds), and WSI is Weather Services International.

  • S&P and Best agree that rates are likely to rise. As a result, S&P raised its outlook on property-casualty insurers to positive, from neutral. Best is keeping its outlook neutral.
  • U.S. insurers booked $3.32B in underwriting losses in Q1 – WSJ passes along SNL Financial’s number-crunching. Combined ratio is about 103%.

Next week: I will be at the Casualty Actuaries of Greater New York’s meeting June 1 at the New Yorker Hotel, Eighth Avenue and 34th Street. The next day, I will be speaking at Advisen’s Casualty Insight Conference at the McGraw-Hill Conference Center, 1221 Avenue of the Americas, New York.

Stop by and say hello.

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