Underwriting
Travelers Enjoyed Underwriting Gains and a Profit Boost in Q4
The Travelers Companies Inc. on Jan. 22 reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 ...
It’s Time for U.S. Insurers to Push Ahead on Climate Change: Deloitte
While U.S. property/casualty insurers have been dealing with the effects of weather and climate changes for years, 2015 may be the year they start zeroing in on the idea of attacking global warming ...
Karen Clark Rolls Out New U.S. High-Res Storm Surge Model
Karen Clark & Co. is rolling out a new U.S.-focused high-resolution storm surge model. The catastrophe risk company said the new model brings advances to the market including fully transparent ...
U.S. Supreme Court May Raise Bar For Housing Discrimination Suits
The U.S. Supreme Court is positioned to wipe out a major category of housing-discrimination suits, and civil rights groups are running out of ways to stop it. In arguments Wednesday in Washington, ...
Willis Group Reorganizes and Promotes a Key Executive
Willis Group Holdings plc has officially reorganized from three operating segments into four, and promoted a key executive as part of the changes. The global insurance/reinsurance broker and risk ...
QBE Selling U.S. Agency Biz For $300M
QBE Insurance Group Ltd. announced Tuesday that it is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The ...
Risk Expert Admits That Preventing Stupid Customer Decisions Isn’t Easy
Property cat losses were relatively low in 2014. That likely won't continue in 2015, in part because of the "stupid" decisions customers unavoidably make, a risk management expert said recently. "You ...
South African Floods and Torrential Rains Kill Hundreds
The likely death toll from flooding and torrential rain in Mozambique, Malawi and the Indian Ocean island of Madagascar reached the 260 mark, with almost 300,000 people driven from their homes. ...