Underwriting
Flaws Seen in Philippine Disaster Prep, Response
Hours before Typhoon Haiyan hit the Philippines, authorities had evacuated 800,000 people and sent them to sturdy evacuation centers—churches, schools and public buildings. But the brick-and-mortar ...
Haiti, Philippines Suffered Most from Climate-Related Disasters
Haiti and the Philippines suffered the biggest climate-related disasters last year, a study showed as United Nations envoys from 195 nations discussed ways to assist countries coping with the impacts ...
U.S. to Become World’s Top Oil Producer in 2015: IEA
The United States will stride past Saudi Arabia and Russia to become the world's top oil producer in 2015, the West's energy agency said, bringing Washington closer to energy self-sufficiency and ...
London, Dubai, Kuala Lumpur in 3-Way Fight For Islamic Finance Crown
When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt market: it was a signal that London will not back down in an escalating ...
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 ...