Underwriting
Freddie Mac Turns to Arch Capital to Increase Risk-Sharing Efforts
Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital Group Ltd.'s Arch Reinsurance Ltd. unit, expanding risk-sharing efforts by the government-backed ...
Tech Critical to Strengthening Insurance Underwriting: Survey
An overwhelming majority of underwriters (93 percent) perceive investment in technology as the best way to improve underwriting quality, according to an Accenture survey of U.S. commercial insurance ...
Marsh Urges Energy Insurance Market to Rethink Cyber Clauses
There have been many instances in the past where the property insurance market has responded to events that have contributed significant losses by seeking broad exclusionary language to prevent ...
Eastern Asia Underinsured for Floods, Typhoons: Munich Re
Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated over the last three decades, according to an analysis by ...
Typhoon Seen Worse for Philippines Economy than Sandy for U.S.
Destruction from Typhoon Haiyan, which flattened buildings and unleashed storm surges that may have killed 10,000 people, could be several times worse for the Philippines economy than Superstorm ...
Thousands Feared Dead from Typhoon Haiyan; Tsunami-like Surge Levels Houses
One of the most powerful storms ever recorded may have killed at least 10,000 people in the central Philippines, a senior police official said on Sunday, with huge waves sweeping away coastal ...
CarSharing Group Publishes Draft Liability Insurance Guideline
The CarSharing Association released a draft liability insurance guideline for round-trip carsharing operators in the United States on Wednesday. This guideline has been developed to protect consumers ...
Senators Seek to Kill Tax Break for Corporate Settlement Costs
Banks and corporations would no longer be able to claim tax deductions for certain payments made under legal settlements with the U.S. government involving alleged business misconduct, under ...