Risk
CNA Turns a Q3 Profit; P/C Combined Ratio Surpasses 100
CNA Financial Corp. doubled its 2020 Q3 net income, thanks in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net ...
Tropical Storm Eta Becomes 2020’s 28th Named Atlantic Storm
Tropical Storm Eta formed overnight [on Sunday, Nov. 1] in the Caribbean, becoming the Atlantic's 28th storm of 2020 and tying a 2005 record for the most named systems in a single year in records ...
2020’s Strongest Typhoon Slams Philippines, Bringing Destruction and Death
At least 10 people died and three others were missing after Typhoon Goni, the world's strongest typhoon this year, barrelled through the south of the Philippines' main island of Luzon on Sunday, an ...
AIG’s Decision to Separate L&R Biz Risks Possible Ratings Downgrades
American International Group's plan to downsize by divesting its Life & Retirement business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance ...
A Time to Shine: How Insurance CROs Stepped Up to COVID Challenges
At a time of great crisis, chief risk officers have stepped forward to bring their unique skillsets to bear in assessing the strategic and financial impact of both the pandemic and the recession and ...
Argo to Leave Grocery, Restaurant and Other Retail Coverage Behind
Specialty insurer and reinsurer Argo Group International is exiting the grocery and retail lines of business, which include providing general liability and self-insured retention risk management ...
Set Aside 150 Years for P/C Insurers to Pay COVID-19 Business Interruption Losses
The world's property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the estimated $4.5 trillion global output loss inflicted by ...
Frequent Hurricane Shutdowns Create Business Interruption Struggles for U.S. Energy Firms
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results. Eight named storms ...