Claims & Reserving
El Nino Threat Spurs Asian Governments Into Action
Asia's governments are scrambling to head off the potential impact of a weather phenomenon that in the past has driven food prices to levels that sparked social unrest. With lessons learned, ...
For 2013, Conning Tracked Slightly Better Industry Loss Reserves
The property/casualty industry's loss reserve position improved slightly in 2013 compared to the previous year, reflecting continued stability in an era of low inflation and slower economic growth, ...
Lloyd’s Finance/Operations Exec Slot To Be Split in 2
Luke Savage is leaving Lloyd's of London to become the new CFO at Standard Life. Previously, Savage had been Lloyd's Director of Finance and Operations for 10 years. He will be stepping down from ...
Lloyd’s America U.S. Chief Agrees ‘Climate Change is Here’
Despite risking offense to non-believers, Hank Watkins didn't hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd's America, talked about an extensive report Lloyd's ...
S&P: Insurers Want Certainty Before Fully Embracing Climate Change Prep
Whether climate change is here, on its way or non-existent, insurers have already accepted the need to prepare for it. But even as the industry confronts what might happen, it wants more certainty ...
Brazil’s Historic Coffee Drought Spreads Industry Uncertainty
In Santos, where Brazil's normally bustling physical coffee trade is clustered in a handful of small buildings near the port, the family-owned brokers and multinational companies that move almost ...
McMahon, Other Ex-Players Allege NFL ‘Culture of Drug Abuse’ in Injury Suit
Retired players including ex-Chicago Bears quarterback Jim McMahon accused the National Football League of using painkillers to mask injuries in a "culture of drug misuse," expanding litigation over ...
Bank of America Cleared For Concealing $10B AIG Fraud Lawsuit
A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a ...