Claims & Reserving
Reserve Charge Dents Travelers Earnings; Execs See ‘More Room’ for Rate Hikes
Challenges that fueled prior-year loss reserve development of nearly $300 million at Travelers aren't a problem that is unique to the insurer, executives noted during an third-quarter 2019 earnings ...
Progressive Teaching Lessons About Commercial Auto Profit: Guy Carpenter Study
Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new ...
Carriers, California Utility Blast Rival Plan That Would Pay Fire Victims Before Insurers
PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of ...
Wildfire Victims in California Utility Bankruptcy Envision $24B Reorganization Plan
The committee for wildfire victims in the bankruptcy of PG&E Corp said in a court filing on Thursday it was prepared to present a $24 billion reorganization plan for the power provider. The ...
This Time, Bermuda Avoids Major Damage From a Hurricane
Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping ...
The Latest Launches From Travelers and QBE North America
Travelers has started using 3-D technology designed to help speed up damage inspections for the claims process. QBE North America launched a revamped cyber product designed to better help protect ...
Municipality Cyber Risks Deepen With Oklahama Pension Fund Hacking
Oklahoma has joined the ranks of state and local governments struck by hackers, fueling concerns about the escalating risk of such attacks on municipalities. The Federal Bureau of Investigation is ...
California Wildfire Season Begins With Return of the Santa Ana Winds
The Santa Ana winds have returned to California, a signal to the state's residents that the wildfire season has begun in earnest. The winds are created by high pressure over Nevada's Great Basin as ...