The private passenger auto market is experiencing adverse frequency and severity trends. Some of the causes are readily apparent, while others may not be. According to the Insurance Information Institute, the 2015 Bodily Injury claim frequency rate was 0.91, matching...
ViewPoint
Holborn ViewPoint | Winter Weather Forecast
“Baby, it’s cold outside…” The winter of 2017 is predicted to bring back a weakened polar vortex, leading to intense and prolonged cold in the northern half of North America. This phenomenon combined with a weakened La Niña will influence...
Holborn ViewPoint | A.M. Best BCAR Update
On November 14, 2016 A.M. Best released an update on the BCAR calculation. Following a commentary period that ended in June 2016, Best analyzed the industry feedback. The response and discussions led to a number of key changes to the...
Holborn ViewPoint | Market Outlook 2017
In advance of Monte Carlo Rendezvous and the unofficial “kick-off” to the 2017 renewal season, A.M. Best and S&P each hosted webinars to offer their outlook on the reinsurance industry. Although both have similar observations, A.M. Best maintains its “Negative”...
Holborn ViewPoint | Hurricane Predictions
As much of the country plans summer vacations, NOAA is actively studying weather patterns to predict the severity of the upcoming hurricane season. Each year, in May and August, NOAA forecasts the number of named storms, hurricanes and major hurricanes...