Underwriting
Alberta Wildfire Could Cost Insurers Close to $7 Billion
A wildfire in the Alberta city of Fort McMurray could cost insurers as much as C$9 billion (U.S. $7 billion) making it by far the costliest ever Canadian natural disaster, according to research by ...
Russian Criminals May be Selling Hundreds of Millions of Hacked Email Accounts
Hundreds of millions of hacked usernames and passwords for email accounts and other websites are being traded in Russia's criminal underworld, a security expert told Reuters. The discovery of 272.3 ...
Allstate’s Q1 Net Income Plunged, with Hailstorms to Blame
The 2016 first quarter (and two severe hailstorms) left its mark on the Allstate Corp., with net income during the period plunging more than 65 percent. Echoing trends from other property/casualty ...
Commercial Auto Insurance Remains a Loser on the Whole: Fitch
While the property/casualty insurance industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the ...
U.S. Mortage Insurance Brightens an Uneven 2016 Global Market: S&P
Mortgage insurers in the U.S. are set for a robust 2016, a bright spot in an otherwise uneven global market, where success will depend on the region of the world in which carriers are doing business, ...
Russian Computer Hacker Rewarded for Aiding U.S. Prosecutors
A Russian who admitted creating a computer virus that infected more than 1 million computers worldwide was spared from additional prison time on top of the the three years he's already spent locked ...
U.S. Insured Losses Hit $3.8B in Q1; Worst in a Decade: PCS/Verisk
Catastrophe activity in the U.S. led to $3.8 billion in insured losses in 29 states during the 2016 first quarter, with much of the damage hitting Texas. Those events were the worst in a decade in ...
Commercial Drone Insurance Coverage Coming from Willis Towers Watson Arm
Willis Towers Watson will team with a commercial drone trade association to offer coverage for the sector designed for both owners and operators of the technology. Dubbed DroneGuard, the insurance ...