Claims & Reserving
Soft Reinsurance Market Jeopardizes Company Financial Ratings: S&P
Property/casualty reinsurers aren't just facing heavy competition, declining premiums and excess capacity. These conditions, over time, could also jeopardize their financial ratings moving forward, ...
For now, Atlantic Hurricanes are Few and Far Between
It's almost the middle of August, and the Pacific has been cranking out hurricanes and typhoons all over the place. So, what's with the Atlantic? After just about two and half months, hurricanes ...
Coastal Cities Sinking Faster Than Sea Levels Rising, Lloyd’s Warns
A bulletin from Lloyd's of London warns that, "as sea levels rise, ground levels in coastal megacities are also falling – with potentially disastrous implications for insurers. Insurers of large ...
Has Global Warming Been Ongoing or Not?
The climate change debate continues with new research pointed to a steady global warming trend over thousands of years to the present, contrary to a major work issued in 2013 that tracked cooling ...
NOAA Sees Nuisance Flooding Rising for U.S. Cities
Residents and officials in major U.S. cities know it doesn't take a fierce storm or menacing hurricane to cause flooding as they increasingly have to deal with so-called "nuisance flooding" caused by ...
AIR Worldwide Views Two Recent Japan Storms as Costly
AIR Worldwide said that a recent storm that struck Japan, combined with a substantial typhoon earlier this summer, could leave behind costly damages. The catastrophe modeling firm noted that typhoon ...
Typhoon Leaves Japan on Flood and Landslide Alert
Japan maintained flood and landslide warnings covering much of the nation after Typhoon Halong moved out to the Sea of Japan this afternoon. Halong crossed Shikoku, the smallest of Japan's four main ...
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...