Risk
Carriers Pass A.M. Best Terror Stress Test; Plans Include Not Writing Cover
Insurers that faced negative rating actions from A.M. Best for failing a terror risk stress test last year were able to convince the rating agency they could survive without a government backstop, an ...
Top 5 States for Disaster Losses in 2013; Oklahoma Leads
The Oklahoma tornadoes of May 2013 contributed the state's designation last year as the costliest state for natural disaster related insurance payouts, the Insurance Information Institute reported ...
P/C Executive Views: Data Security Strategies and Cyber Insurance Sales
As cyber attackers continue to menace businesses in all industry sectors, property/casualty insurers are working to provide network security and privacy coverage. But how are the insurers managing ...
Early California Wildfire Season Could Be Unprecedented
California's worst drought in decades is feeding what may become a devastating wildfire season, one that is starting about five months early. Extremely dry conditions have sparked 487 wildfires so ...
U.K. Floods Could Cost Insurers $822M: Deloitte
Floods and storms pounding the U.K. may cost the insurance industry at least 500 million pounds ($822 million), a figure that may double if the weather conditions persist, according to a partner at ...
RMS Releases New Models for U.S. Convective Storms, China Typhoon
RMS announced Monday that it has released new views of risk for U.S. and Canada Severe Convective Storm (SCS) and China Typhoon. According to the Newark, Calif.-based firm, the new versions of these ...
Pacific Winds Slowing Global Warming, Study Says
Stronger Pacific Ocean winds may help explain the slowdown in the rate of global warming since the turn of the century, scientists said. More powerful winds in the past 20 years may be forcing warmer ...
January Cold, Snow in U.S. to Cost Insurers $1.6 Billion: Aon
The various winter storms that brought snow and bitter cold to the United States in January took more than 50 lives and are expected to result in direct economic losses of about $3.5 billion and ...