Underwriting
Capital Markets Poised To Grow Even Bigger In Cat Re Space
The participation of the capital markets in the property-catastrophe reinsurance industry is poised to explode beyond one-third of the total limits in the market, an industry executive said recently. ...
Property Insurance Market Eyes New Entrants—From China, Berkshire
Industry executives speaking at an insurance conference recently discussed the potential market impact of the newest entrants to the U.S. property insurance market, with Chinese companies getting as ...
Chubb Must Face Bear Stearns Lawsuit Over SEC Settlement Coverage
Chubb Corp.'s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for refusing to pay part of a U.S. Securities and Exchange Commission settlement, ...
New York City Proposes $20B ‘Resiliency’ Plan to Handle Rising Sea Levels, Temperatures
New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades. The plan, ...
EU Weighs Allowing Damage Suits Over Price Fixing
The European Union proposed rules for a uniform system allowing consumers to sue over price-fixing in a plan that stops short of forcing nations to allow group lawsuits. Proposals on ...
Commercial Prices Up For 9 Straight Quarters: Towers Watson; Years More Needed: Hartwig
Reporting an aggregate first-quarter 2013 jump in commercial insurance prices of almost 7 percent, Towers Watson said the result marks over two consecutive years—nine straight quarters—of price ...
Top Five States Ranked By Insurable Coastal Value: AIR Worldwide
More than $10 trillion is at risk for residential and commerical properties located in the more than 100 coastal counties of 18 states along the Eastern and Gulf coasts, according to a recent report ...
Economic Damage to Far Exceed $2.65B Insured Losses From Europe Floods
The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger. Insured ...